Since the open source and donation/sponsorship model wasn't working out for Postman, Abhinav built the new version of the Chrome app with an in-app fee of$10 which would give the user advanced testing features in Postman. Although the startup hadnt revealed its valuation figures in its earlier fundraising rounds, it is estimated that it was valued at around $350 million in its $50 million Series B round raised in June last year. Postman provides a platform that helps software developers accelerate the development process through collaboration with various stakeholders. The seven-year-old startup is now valued at $5.6 billion, overtaking BrowserStack which was valued at $4 billion in June. The trio tried finding investors by building a lot of products but realised it made more sense to build on BITS360 and fine-tune it. So people started reaching out, people wanted more stuff. (PR pitches by email only, please.) SaaS Founders Who Make The Most Revenue Per Employee. He recalls. Abhinav began working with computers at an early age. Contact via Linkedin Contact via email Q&A What`s your age? Users of Postman can collaborate with their team through Team Workspaces, sharing collections, environments, history, and more. That was the motivation for him to start Teliportme initially. On the backend, Abhinav used PHP. However, he confidently added that a week after the said product is out, Postman would still be better because it is constantly listening to developers across the world and updating its platform. In his second year of college, Abhinav and three of his friends formed GrayScale to make money from building websites and applications. After speaking to the Google Android team, Teliportme Panorama app got featured on the worldwide PlayStore, effectively fetching them millions of downloads. S5; 15 June, 2021; Abhinav Asthana grew up in several small towns in the northern part of India. Ankit Sobti, Abhinav Asthana, Abhijit Kane |28 |28 |25Co-founders, PostmanCategory: TechnologyAbhinav Asthana, Ankit Sobti and Abhijit Kane were not fast friends when they decided to start Postman. According to research firm MarketsandMarkets, the API management market is estimated to touch $5.1 billion by 2023. His current startup, Postman, has almost four million developers on its platform and is on a mission to simplify API development for them and others. I hosted the forum by using my father's credit card to buy the server space and domain!. In June last year, it raised $50 million as a part of its Series B round, led by CRV and from existing investor Nexus. Tell us in a comment below. He resumed programming in class 11. - Search for what you want, categories, tags, keywords, authors, events, anything under YourStory. Postman API The team created a project called Postman runtime to share its work in open source. 2499 1749, Monthly Postman has an annual churn rate of 10.00%. Hear the Postman origin. Postman boasts of a four-million user base and has two million monthly active users. 6 Companies in Career N/A Related Markets 4 Colleagues N/A Related Investments Aliases N/A industry Internet Publishing and Broadcasting and Web Search Portals tags The initial plan was to bootstrap until they expand to the UStheir target market from where a lot of feedback and initial purchases had come. He started interviewing senior architects across industries to learn more about how their companies worked with and collaborated on APIs. What bound them together was their skills in writing code and their love of gaming. Postman is using AWS services like Beanstalk, VPC s and RDS. Abhinav Asthana, Ankit Sobti and Abhijit Kane were not fast friends when they decided to start Postman. In 2016, the startup raised $1 million in seed funding from Nexus Venture Partners. Postman Founder & CEO Abhinav Asthana The viewer was changed from ActionScript to OpenGL-based viewer, in native C code. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. Joyce welcomes the CEO and co-founder of Postman, Abhinav Asthana, for a special AMA. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. An interview with Abhinav Asthana, Founder and CEO - Postman By Jyotsana Gupta on August 27, 2018 2 Comments / 3463 views. Hear the Postman origin story and learn more about the upcoming vision for the Postman API platform. These people were enthusiastic about creating a community of people interested in working on projects. PLAN, Access the exclusive Economic Times stories, Editorial and Expert opinion, 90 Days Prime access worth Rs999 unlocked for you, Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors, Stock analysis. It allows users to test APIs with collections of requests, monitor the API responses, and visualize the query results. Its founders believe that APIs are the fundamental building blocks of technology, going forward. AboutPressCopyrightContact. at a time when ExamCrunch wasn't having much traction. Google Chrome developers happened to like it and put it as a featured app on the store, and its popularity multiplied. . He bought one and taught himself how to programme on mainframe. If anything, the company's seeing more business than before. The company was still using scripting to upload the files and the RabbitMQ queuing system. Postman helps developers build APIs, or application programming interfaces, which allow apps to communicate with and include features from other services. As the tool's usage quickly exploded, Abhinav recruited two of his former colleagues, Ankit Sobti and Abhijit Kane, to help him create Postman, Inc. Postman is now the world's leading API platform, and the three founders still lead the company to this day. In an exclusive video interview to M Sriram, Postman co-founder and CEO Abhinav Asthana says the coronavirus outbreak saw the company's number pick up across the world, with application programme . API platform Postman valued at $5.6 billion in $225 million fundraise | TechCrunch Enterprise API platform Postman valued at $5.6 billion in $225 million fundraise Manish Singh @ refsrc /. Find Abhinav Asthana's articles, email address, contact information, Twitter and more. Abhinav Asthana is the Co-Founder and CEO of Postman. A . This helped Abhinav get $200 a month from a few companies who were ready to sponsor Postman as a project if their logo was visible on the website. His family moved to Lucknow and for a year, he paused all his projects. Learn how your comment data is processed. Abhinav decided to skip the campus placement process and started up with Vineet and another friend. It was created by Abhinav Asthana, a former Yahoo intern who found it difficult to develop and test APIs. On Thursday, the developer platform Postman announced that it closed a $150 million Series C funding round at a $2 billion valuation. That became a massive hit. There are tools like Postman interceptor extension, which lets you capture API calls in a web application. The startup, from its inception, resolved to build a product that would stand the test of time. PLAN, Yearly He started consulting on design and development for a set of projects. Abhinav Asthana Statistics Manager Pune, Maharashtra, India View Ankit Sobti Founder and CTO San Francisco, California, United States View 5+ gmail.com postman.com getpostman.com hotmail.com yahoo.co.in icloud.com pgp.isb.edu directi.com fnunnn.com 5+ 415-318-XXXX +91 97173 7XXXX +91 99878 8XXXX +91 95352 4XXXX +91 98916 6XXXX +91 88976 9XXXX Its core audience includes individual software developers across the world, as well as companies with software development teams. Indias fastest-growing blockchain unicorn and a USD1.5 billion question. Abhinav and his friends were the go-to people when it came to building college festival websites ordesigning magazines for the BITS Pilani Goa Campus. In 2013, Abhinav found himself at the crossroads of his career, and explained, Its always tough to decide what is the thing you got to be doing. Postman wants to enable all kinds of APIs (and their use cases) and protocols. In this interview, Shradha Sharma talks with Abhinav Asthana on his humble beginning and the journey of Postman's success - the man that made it from Basti (a small town in Uttar Pradesh) to San Francisco Bay Area, while building Postman - now valued at $5.6Bn! stint helped Abhinav truly understand the importance of APIs, and it continued to simmer at the back of his mind until he started working on Postman several years later. Abhinav says. You may also like -Meet Ajay Shrivastava the tech general behind culture and technology at Oyo and Knowlarity, According to Abhinav, there are two kinds of developers today: the curious lot, which knows its fundamentals well and works on what it knows; and the kind that are confused and try out all the latest technologies to beef up their resumes, but cant figure out which one to go after. Soon, Abhinavs Co-founders Abhijit Kane and Ankit Sobti joined him, and in 2014, the trio launched the startup formally. Co-founder. Abhinav says, We wanted to work with a firm that had experience working with companies that are building a product for the global market. The coronavirus outbreak has forced several startups to downsize and effect salary cuts in a bid to stay afloat. He also believes that all existing data stores and legacy applications will come in this ecosystem of APIs. Later, he joined the Centre for Software Development in the college well. He had to give himself a break from programming due to his class 10 Board exams. I was in impression that the extension is made by someone as hobby project who needed for himself. Abhinav avoids the hardest question about his regrets. Postman actually launched as a company in 2014. D'abord module complmentaire de Google Chrome, puis client lourd, et finalement client lger, elle est prsent utilise par plus de 500 000 entreprises dans le monde et a son sige . properties where the data would come to their systems and then could be queried and linked. We see growth in all of them.. He explains. Stop by and say hi, yall. Its also looking at building advanced tools for reporting. Postman uses JavaScript on the client side and NodeJS on the server side. It was the first Pentium I PC. The startup that began as a side project for Abhinav in 2012, raised $150 million last month at a valuation of $2 billion to enter the elite unicorn club. According to global research and advisory firm, Gartner, 65 percent of global infrastructure service providers' revenue will be generated through services enabled by APIs, by 2023, up from 15 percent in 2018. Modern software is bui This will alert our moderators to take action. But they started getting a lot of VC interest. What I realised during that time was Postman had all of those things that I was trying to intentionally build as products in previous generations. Existing investors CRV and Nexus Venture Partners also participated in the round. For instance, when you book an airline ticket from a travel site such as MakeMyTrip, it is an API that pulls information from an airlines site. He recalled, I lived in Indiranagar (an upscale neighbourhood in Bengaluru) and I was like I dont wanna go to my dad to pay the rent. Click here to know more. Soon, Abhinav's interest turned towards building websites, and he taught himselfHTML, CSS, Flash, PHP during Class 7th and 8th. Around that time, he got an invite from the Chrome team in the Bay area working on the new Chrome app platform (Postman existed as Chrome app). So, I had to do something else and that became programming, and at the time, internet was just kind of taking off in India. He says, They said that almost 25 percent of their development time is on Postman, and wanted to feature it as one of the top apps on the new Chrome app platform.. "What we had been advocating was a good way to build software. Postman raised a Series D of $225M at a $5.6B valuation in August 2021, Postman raised a Series C of $150M at a $2B valuation in November 2020, Postman raised a Series B of $50M at a $365M valuation in June 2019, Postman has 407 total employees and 11 sales reps that carry a quota. Postman started as a side project, but it's now used by over 11 million people and 500,000 companies, including Microsoft, Twitter, PayPal, and Cisco. Abhinav then convinced Ankit to leave Directi and join him at Postman. It had that user love, a community that was coming around it, and people wanted the product. Postman, the only complete API development environment, today announced that adoption of its award-winning API tool has reached nearly six million developers and more than 200,000 companies worldwide. Postman CEO Abhinav Ansthana says they've grown to a team size of 407 since launch in 2014 and have raised $433M in funding. Since Last year I shifted to the latest version(which is even better) and I had no idea it is backed by ventures and this actually is a startup until I read this article. "What we're getting from customers is so phenomenal: how individual developers love it. The system was similar to StackOverFlow. Refresh the page, check Medium 's site status, or find something interesting to read. 2 mins During a recent Postman livestream with the original creator of Postman, Abhinav Asthana, we had the opportunity to talk with our CEO for an ask-me-anything chat and ended up discovering some pretty interesting things. Explaining what was fuelling the growth of APIs and the resultant spends from companies, he explained that when a developer uses an API, They are doing a piece sort of computation or storage or getting some data from that company and on each API call you can ascribe essentially a dollar value. 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