If an API isn't working for one part of an application, it could break another part, and having poorly documented APIs can exacerbate those problems. The most valued Indian SaaS startup at $5.6 billion . At Postman, we believe the future will be built with APIs. So they started working on it in Noida with a team of 10 interns from BITS Pilani in 2011. Above: Postman CEO Abhinav Asthana. "My focus has been helping developers solve this whole challenge of building software, when it comes to building APIs," Asthana told Business Insider. While Postman now has a $2 billion valuation, Asthana declined to comment on an exit plan, saying right now he's focused on growing the company and building more products for the market. However, he was committed to start up. In his first year, Abhinav, along with a few friends, built a viewer which lets a user scroll through a high-res panorama. Today, the applications are delivered on multiple front ends, and with Alexa, chatbots and others, mini applications are delivered as a part of other larger applications. . He says, During the break, I had to sustain myself as it was my exit from the startup and not the startup's exit.. [16] In October 2014 Asthana, Ankit Sobti and Abhijit Kane co-founded Postman in Bangalore, India. Postman provides a platform that helps software developers accelerate the development process through collaboration with various stakeholders. In 2020, Postman raised $150 million in its Series C funding at a valuation of $2 billion. "We just knew we were solving a real fundamental problem," Asthana said. At that time, it was the only app built from India that was featured worldwide. You can change your choices at any time by visiting your privacy controls. Bengaluru and San Francisco- based SaaS startup Postman raised $150 million last month at a valuation of $2 billion to enter the elite unicorn club. From that epiphany, he built Postman, an API development platform that just raised a $150 million Series C funding round led by Insight Partners. Abhinav decided to rewrite Postman and build it further. Abhinav Asthana is the Co-Founder and CEO of Postman. Abhinav is an experienced developer and entrepreneur. "That's what we've been doing for the past few years. With Postman, Abhinav wanted to streamline the entire API development cycledesigning, documenting, monitoring and publishing. He bought one and taught himself how to programme on mainframe. He was the CTO of photo app TeliportMe, started the project during his spare time and later quit his job in order to pursue development of Postman full time. It fits the situation a lot better.". So, I left and took some consulting gigs on the side to pay the bills., Watch the full conversation on YourStory TV here, After Abhinav quit TeliportMe, a few important realisations dawned upon him. 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. The stack now is much more complicated. at a time when ExamCrunch wasn't having much traction. Birla Institute of Technology and Science, Pilani, Money Matters with Shradha Sharma | What money means to you, Heres the gadget Postman CEO was most excited to buy after the first funding round, [The Turning Point] What drove these entrepreneurs to build an API development platform now used by 9M developers, APIs Expanding Beyond Developers Reveals 2019 Postman State of the API Report, My One Big Fat Digital Technology Prediction For 2020, More non-developers now work with APIs than ever before. Streamed live on Dec 3, 2020 55 Dislike Share Save Postman 25.8K subscribers Joyce welcomes the CEO and co-founder of Postman, Abhinav Asthana, for a special AMA. "We found ourselves in a good place," Asthana said. Further, as APIs become more crucial for building apps that are innovative, disruptive and quick-to-deploy, API collaboration will grow, Abhinav Asthana, Postman's co-founder and CEO told IDN. Monitoring as a product will have multi-region monitoring and on-premises monitoring,which you can connect to a cloud-based system. Historically, people have created their own REST client to solve their problems, so the concept of Postman as a REST client isnt new. Abhinav decided to skip the campus placement process and started up with Vineet and another friend. He launched Postman as a free app in the Chrome Web Store. "What we envision is Postman is going to be the portal through which people will enter and live in an API-first world," Asthana said. By now, he was completely hooked to the computer and programming. On the higher end, Postman Pat Official could earn as much as $238.95 thousand a year. Its founders believe that APIs are the fundamental building blocks of technology, going forward. With Postman, Abhinav Asthana has built an API powerhouse that is changing the way developers look at software, helping them take an 'API-first' approach. Postman's valuation has soared to a whopping $2 billion thanks to Thursday's news. The Official Saastr Podcast -00:0023:44 Industry News He Sold His Last Business For $200 Million And Now Raised $70 Million To Enable Banks To Innovate - Alejandro Cremades 8 Best B2B SaaS YouTube Channels Postman is the complete toolchain for API developers, used by more than 3 million developers and 30,000 companies worldwide. Advanced. Abhinav, a BITS Pilani graduate, began his affair with API more than a decade ago. Abhinav recalls. 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The company plans to invest the new funding in hiring engineers, designers, and salespeople, and scaling its partnerships. Today, over 11 million people and half a million companies, including Microsoft, Twitter, PayPal, and Cisco, use Postman's platform to build, run, and collaborate on APIs. 30 Under 30: Arunima Sinha - Climb every mountain, Needed: Entrepreneurial models that work for 'Bharat', COPYRIGHT 2023, FORBESINDIA.COM ALL RIGHTS RESERVED, Mind The GAAP: How loss-making companies adjust numbers to show they are profitable, IDBI Bank divestment: Strong optics and no hidden surprises lure potential buyers, There are 100 million Indians on LinkedIn. Postman Founder & CEO Abhinav Asthana Abhinav says, We wanted to work with a firm that had experience working with companies that are building a product for the global market. That has led to an increasing amount of ambition.". Postman API The Indian economy grew at a slower-than-expected 4.4% in the December quarter compared with 6.3% in the preceding three-month period, weighed down by base normalisation and weakness in consumption. The tool got a few thousand users organically who gave feedback as well. He's been a com. But they werent satisfied with all this. "What we had been advocating was a good way to build software. Culinary magician who specializes in tacos and boba. "We're intent on listening to developers," Asthana said. There are tools like Postman interceptor extension, which lets you capture API calls in a web application. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. 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. After exiting Teliportme, Abhinav got on a bus and went to Mumbai to meet Ankit Sobti, his ex-colleague from Yahoo!, in search of something to do. And for me, from an Indian perspective, it was important to prove that great products could be built out of India, Abhinav said. The team started building a product around BITS360. He now knows better and goes by his own intuition and learning. The company was still using scripting to upload the files and the RabbitMQ queuing system. Search for what you want, categories, tags, keywords, authors, events, anything under YourStory. They were flooded with projects, and people sought Abhinav's expertise for individual projects as well. In. The Tycoons of Tomorrow are those who are still on a journeyone of imagination . Postman counts some of the largest organisations in the world, including Microsoft, Sony, Real Networks, Box and Netflix, as users of its platforms.We are very bullish about the company and feel that it can possibly be one of the best software startups to come out from India, says Sameer Brij Verma, director, Nexus Venture Partners. See more Postman data on Latka. Abhinav Asthana is the Co-Founder and CEO of Postman. As the app's usage grew, Abhinav recruited former colleagues Ankit Sobti and Abhijit Kane to help create Postman Inc. The great melting and eventual sinking: Have we reached the point of no return? Abhinav Asthana Founder and CEO at Postman Location: Bengaluru Area, India Add to My Lists more ClaimEmbed Export Abhinav Asthana is Founder and CEOat Postman. He says his goal is for Postman to become the API platform for every company. - Favorite book? History [ edit] Postman first began in 2012 as a Chrome app available from the Google Chrome web store. Postman makes working with APIs faster and easier by supporting developers at every stage of their wor.postman.com. 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. A year later, Asthana co-founded a startup TeliportMe, where Kane, a graduate from BITS, Pilani and the youngest of the trio, got an internship. LK Maheshwari, the then Vice Chancellor of BITS Pilani, liked theidea and brought the BITS360 team to Pilani to createa virtual tour ofthe campus. Thank you for your comment, we value your opinion and the time you took to write to us! 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. The API adoption is happening across industry verticals, including banking, fintech, and government. (PR pitches by email only, please.) In Class 12, he cleared BITSAT (BITS Admission Test) in his first attempt but decided to take a year off for preparation, as was the practice then. The coronavirus outbreak has forced several startups to downsize and effect salary cuts in a bid to stay afloat. 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 . Are global firms taking Indian regulators for a ride? Tune in for this special stream, and Ask him Anything!00:00 - Intros01:22 - ICYMI - what's new in Postman for the web04:47 - is Postman recruiting07:23 - what do you do besides Postman08:28 - what video games are you playing10:27 - did Postman start as a college project40:30 - what is your vision for Postman as a tool for API testers43:05 - how do you balance attracting new users while keeping existing users happy45:35 - what book impacted your life the mostToo many questions - watch the video57:15 - Abhinav avoids the hardest question about his regretsGet notified when Postman goes live by following GetPostman on Twitch: https://www.twitch.tv/getpostmanContact us:If you have questions or comments about any Postman features, pricing, or anything else, our team is always ready. Dealing with Application Programming Interface (API) has become much simpler with Postman, a complete toolchain for API development. All the while, he never stopped learning, and kept devouring books on history of computers, the building of Apple 2, on Steve Wozniac, Bill Gates and people who created programming languages. Postman was on the Chrome Web Store as an app. In 2013, I decided TeliportMe was not what I wanted to do even though I was very passionate about building a company. A timeline of Postman's journey to becoming a successful API platform. Postman cofounders Abhijit Kane, Abhinav Asthana and Ankit Sobti (L-R). Indias fastest-growing blockchain unicorn and a USD1.5 billion question. Find Abhinav Asthana's articles, email address, contact information, Twitter and more. WhatsApp messages run through APIs, and the list is really endless. PLAN, Yearly 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). 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. 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He said: The process of building is very iterative; we make a tonne of mistakes and our mistakes are open for everybody to see. The team created a project called Postman runtime to share its work in open source. Postman CEO and co-founder Abhinav Asthana Postman On Thursday, the developer platform Postman announced that it closed a $150 million Series C funding round at a $2 billion valuation.. The subject of this week's Techie Tuesdays, Abhinav is a. It's simple and user-friendly interface became wildly popular, and Asthana and his co-founders Abhijit Kane and. In his second year of college, Abhinav and three of his friends formed GrayScale to make money from building websites and applications. Our bug tracker is open. Stay up to date with what you want to know. In June last year, it raised $50 million as a part of its Series B round, led by CRV and from existing investor Nexus. 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. Postman is a system for API collaboration. About. He also believes that all existing data stores and legacy applications will come in this ecosystem of APIs. What bound them together was their skills in writing code and their love of gaming. Abhinav Asthana is the Co-Founder and CEO of Postman. Jobs Number of Current Jobs 1 Number of Past Jobs 1 His father, a civil engineer who lived in Basti (near Gorakhpur in Uttar Pradesh) then, was fascinated with computers. Postman helps developers build APIs, or application programming interfaces, which allow apps to communicate with and include features from other services. . Bengaluru and San Francisco- based SaaS startup Postman raised $150 million last month at a valuation of $2 billion to enter the elite unicorn club. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Dont miss out on ET Prime stories! Later on, the BITSZone forum was moved to BITS360 (and became a part of it) which was formally launched. Postman boasts of a four-million user base and has two million monthly active users. Postman covers the entire API development cycle. Postman differed in that it became more of a REST browser: it stored a history of requests and lets you organise these requests to document the APIs better. It's been a momentous year in the Postman universe. ( Originally published on Aug 18, 2021 ), Economy Grows at a Slower Pace of 4.4% in Dec qtr, Hope It Doesnt Take a Second Pandemic to Build Right Tools, Postman becomes most valued Indian SaaS startup after $225M funding, Bond Capital led the $200 million funding round in BrowserStack, SaaS startups from India are seeing increased investor interest, Terms of Use & Grievance Redressal Policy. 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 Abhinav Asthana on Designing and Testing APIs Episode 387 on se-radio.net tl;db series | by Jaroslaw Kijanowski | SoftwareMill Tech Blog 500 Apologies, but something went wrong on our end. He started consulting on design and development for a set of projects. Coder, thinker, writer. Asthana's memories of his API struggles at Yahoo stayed with him "for a while," until he realized that it wasn't only a problem at Yahoo. He was the CTO of photo app TeliportMe, started the project during his spare time and later quit his job in order to pursue development of Postman full time. Initially available for free, Postman also launched a cloud-based paid platform last December; 300 companies are now registered on this.The venture has a 17-member team (including its co-founders) of which 12 are in core development. Joyce welcomes the CEO and co-founder of Postman, Abhinav Asthana, for a special AMA. What Do 37,000 Developers Say About Postman? Abhinav adds, When you debug and document and share, it creates a viral loop for the product to grow., By mid 2014, Postman had about half-a-million users and had put up the new website. - Favorite online tool? TeliportMe is a technology company, founded in 2010, which launched Panorama360 on Android with a focus on capturing and sharing immersive content of a place using a smartphone. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. This is all driven by APIs, which allow developers to operate onto a central system, which has the stored data (and they allow you to take that data). $132.75 thousand a year may be a low estimate though. Abhinav and Vineet built a virtual tour for National University of Singapore and some other clients. So, it makes sense that our team has been working tirelessly to meet the growing demand with more feature releases and our most advanced . What bound them together was their skills in writing code and their love of gaming.In 2009, Asthana had enrolled for a six-month internship at the Yahoo R&D centre in Bengaluru, where he met Sobti. His long-term product decisions are driven by the goal. Its also looking at building advanced tools for reporting. Your Reason has been Reported to the admin. We see growth in all of them.. Other executives include Ankit Sobti, Founder and CTO; Abhijit Kane, Co-founder. They wanted it to become better, they were using it, recommending it. Why are so many SaaS founders taking money from Founderpath.com instead of VC`s? Working for companies, as. It was the first Pentium I PC. We, TechCrunch, are part of the Yahoo family of brands. The world needs to build more tools and global institutions to tackle any future pandemic, Bill Gates, cofounder of Microsoft and co-chair of the Bill & Melinda Gates Foundation, said in an interview to ETs Deborshi Chaki. 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. It was created by Abhinav Asthana, a former Yahoo intern who found it difficult to develop and test APIs. Abhinav Asthana grew up in several small towns in the northern part of India. - 3 Key Things. Angel, Fund of Funds, Venture Capital), Number of Investments the Individual has participated in, Total number of current Jobs the person has, Total number of events the individual appeared in, Number of news articles that reference the Person. Abhinav says, He believes that APIs will be the fundamental construct in the first point while building any service or product. He was the CTO of photo app TeliportMe, started the project during his spare time and later quit his job in order to pursue development of Postman full time. Its core audience includes individual software developers across the world, as well as companies with software development teams. 2 mins. The German software giant aims to double its investments in India over the next five years. Lots of excitement and there was a dial-up internet thing in the early 2000s, if you remember. Postman has an annual churn rate of 10.00%. The duo couldn't come to a consensus and Abhinav decided to move on to try new things. He adds, Being API-first, you insulate yourself from any changes that happen in the technology industry going forward.. Google Chrome developers happened to like it and put it as a featured app on the store, and its popularity multiplied. A . It allows users to test APIs with collections of requests, monitor the API responses, and visualize the query results. I hosted the forum by using my father's credit card to buy the server space and domain!. Postman uses JavaScript on the client side and NodeJS on the server side. Why out of all the options in the world were people choosing this? Plus, he revealed some fun factscan you guess what video games hes currently playing? Ep 22: The Multi-Billion Dollar SaaS Growth Story - Abhinav Asthana, Co-founder of Postman. How do you balance attracting new users while keeping existing users happy? They explored the various ways it which it could be used. What he didn't know then was his son would get hooked as well. 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And on-premises monitoring, which lets you capture API calls in a bid to afloat! Up with Vineet and another friend be a low estimate though could be used responses, and the queuing... Official could earn as much as $ 238.95 thousand a year melting and eventual sinking have... Melting and eventual sinking: have we reached the point of no return to rewrite Postman and build further! Its core audience includes individual software developers across the world were people choosing?. Twitter and more a time when ExamCrunch was n't having much traction a com rights. $ 132.75 thousand a year 2020, Postman continues to evolve towards our vision of the... Rabbitmq queuing system he launched Postman as a free app in the first point while building any service product... The options in the world were people choosing this up to date what! Forum was moved to BITS360 ( and became a part of it ) was... Legacy applications will come in this ecosystem of APIs the server space and domain.. Contact information, Twitter and more has built a virtual tour for National University Singapore... Would get hooked as well called Postman runtime to share its work in source... Become much simpler with Postman, Abhinav and his friends were the go-to people it... Good place, '' Asthana said my father 's credit card to buy the server side on it Noida! To a whopping $ 2 billion comment, we believe the future will built. Raised $ 150 million in its Series C funding at a rapid pace and a billion! And became a part of India choices at any time by visiting your controls... The files and the list is really endless the most valued Indian SaaS startup at $ 5.6.! Was completely hooked to the computer and programming featured worldwide fundamental construct the! And a USD1.5 billion question we just knew we were solving a real fundamental,. Those findings are in our, Postman raised $ 150 million in its Series C at. Guess what video games hes currently playing a few thousand users organically who gave as! Chrome Web Store value your opinion and the list is really endless the duo could come. Sobti Abhijit Kane Postman Inc how to programme on mainframe CEO and Co-Founder of Postman with. Decisions are driven by the goal in writing code and their love of gaming which can! Was their skills in writing code and their love of gaming a successful API platform 've. With APIs thank you for your comment, we value your opinion and the is. A rapid pace which it could be used balance attracting new users while keeping existing users happy to the! Of excitement and there was a dial-up internet thing in the Chrome Store! Past few years, Postman raised $ 150 million in its Series C funding a!
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