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. According to research firm MarketsandMarkets, the API management market is estimated to touch $5.1 billion by 2023. SaaS Founders Who Make The Most Revenue Per Employee. They have 500000 customers an engineering team of 146 and a marketing team of 12. They even created a CD for the Goa Tourism ministry. Ep 22: The Multi-Billion Dollar SaaS Growth Story - Abhinav Asthana, Co-founder of Postman. The team started rewriting core parts of Postman and launched collaboration platform (called Postman Cloud). For most entrepreneurs and startups, fundraising can be a real pain. He explains. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Abhinav Asthana Co-founder and CEO Postman Data analysis with the Twitter API v2 SAT, AUG 7 11:10AM ET Learn how students and educators utilize the Twitter API v2 for data research and machine learning and how you can get started in Postman in this API talk. His father, a civil engineer who lived in Basti (near Gorakhpur in Uttar Pradesh) then, was fascinated with computers. Abhinav Asthana CEO and Founder at Postman Recently I had the opportunity to interview Abhinav Asthana from Postmanfor the ongoing series: CEOs Share Leadership Strategies To Improve Your. Postman currently streams every week on Thursdays, and we host live Office Hours once a month on Tuesdays. Postman is the complete toolchain for API developers, used by more than 3 million developers and 30,000 companies worldwide. These projects brought in some money. We didnt know whats going to happen but we just had to do it, Abhinav said. At this juncture Abhinav got an internship at Yahoo!, which was then trying to build an ingestion system for Yahoo! He was the CTO of photo app TeliportMe. Get your daily dose of business updates on WhatsApp. Culinary magician who specializes in tacos and boba. He says, We created an entire virtual tour of the campus. Asthana started Postman as a side project in 2012 while also acting as founder and CTO of photography startup TeliportMe. Innovation can't be like Brownian motion: Ashish Khushu, CTO, LTTS, Padcare Labs: Solving sanitary napkins disposal conundrum, one bin-full at a time, Glamping the great outdoors in uber luxury, Rohan Verma at MapMyIndia on the consumer hardware opportunity in navigation and connected vehicles, From Allcargo's puzzle to Ronnie Screwvala's leadership mantras, here are our most-read stories of the week, Fashion courts K-Pop and its fans at Milan Fashion Week shows, 30 Under 30: Ankit Sobti, Abhinav Asthana, Abhijit Kane - Cracking the code. 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. The tool Abhinav Asthana built for himself as a side-project became Postman. 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 /. 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. Existing investors CRV and Nexus Venture Partners also participated in the round. Coder, thinker, writer. Over the past few months, Postman has launched mock servers, monitors, documentation,all integrated very closely. The great melting and eventual sinking: Have we reached the point of no return? Other executives include Ankit Sobti, Founder and CTO; Abhijit Kane, Co-founder. Co-founder. "It started from a pain point of me wanting to develop APIs and work with my coworkers better," Asthana said. 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. His family moved to Lucknow and for a year, he paused all his projects. at a time when ExamCrunch wasn't having much traction. Working to. YourStory spoke to Abhinav to know more about his tryst with APIs and technology. Postman intends to eventually reach a stage where it can tell what companies and developers can do with their APIs. The stack now is much more complicated. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. I was in impression that the extension is made by someone as hobby project who needed for himself. On reaching the campus, he signed up for the forum. Thinking about past, Abhinav regrets those instances when hehad let go off his intuition and learning, to choose experts advice. Jobs Number of Current Jobs 1 Number of Past Jobs 1 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. For Abhinav Asthana, Co-founder and CEO of Postman, APIs form the fundamental construct of productor service, and hes keen to make APIs more accessible to everyone. We see growth in all of them.. Dealing with Application Programming Interface (API) has become much simpler with Postman, a complete toolchain for API development. For reprint rights: Continue reading with one of these options: Login to get access to some exclusive stories, Get access to exclusive stories, expert opinions &, Valid only with UPI, Credit & Debit Cards Autopay, Inciting hatred against a certain community, 15 And the tools he had to use never helped him develop efficiently. (Photo caption from left to right, Ankit Sobti, Abhinav Asthana, and Abhijit Kane) Our values You can change your choices at any time by visiting your privacy controls. It fits the situation a lot better.". These tools would simply let you construct a request and send a response. That includes product and design, engineering, sales, marketing, all functions. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Postman Pat Official likely has additional . 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. But they werent satisfied with all this. In October 2014, the three started Postman, two years after Asthana wrote code for the first version of their eponymous (software) platform.The Bengaluru-based startup builds platforms for the development and management of APIs (application programming interfaces, by which different software talk to one another). . Abhinavs father, who taught him programming, was in the civil services and because of his transferable job, the Postman CEO grew in small towns all over UP. In June last year, it raised $50 million as a part of its Series B round, led by CRV and from existing investor Nexus. In. Why are so many SaaS founders taking money from Founderpath.com instead of VC`s? properties where the data would come to their systems and then could be queried and linked. The features we have are on our website, the features we dont have are on our issue tracker. 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. Asthana says that Postman is committed to helping developers in any way they need as the number of APIs increases because of their importance in building apps. Europe, Menlo Park, China), Where the person is located (e.g. Postman, whose platform lets developers collaborate and build APIs, has raised $150 million in a round of funding led by Insight Partners. 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. He's been a com. He was the CTO of photo app TeliportMe. 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. WhatsApp messages run through APIs, and the list is really endless. 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. What do you think about this topic? Postman alllows developers to create and . - Favorite CEO? A year later, it raised $7 million as part of its Series A from the same investor. Choose your reason below and click on the Report button. It has also received an undisclosed amount in funding from venture capital fund, Nexus Venture Partners.Within a year of operations, we have emerged from having a few hundred thousand users to 2.5 million users, says Asthana, the CEO of the company. 2499 1749, Monthly 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. Updated: Jan 5, 2022 07:04:20 PM IST . He started interviewing senior architects across industries to learn more about how their companies worked with and collaborated on APIs. Also read -The untold story of Alan Cooper, the father of Visual Basic. 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. He had to give himself a break from programming due to his class 10 Board exams. 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). So, we would just google Postman on the web and tell people that we can take a screenshot of this and put in a pitch deck but you can do that yourself.. Abhinav Asthana is the Co-Founder and CEO of Postman. . They were flooded with projects, and people sought Abhinav's expertise for individual projects as well. Postman CEO Abhinav Ansthana says they've grown to a team size of 407 since launch in 2014 and have raised $433M in funding. He says. 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 Postman has an annual churn rate of 10.00%. What is your vision for Postman as a tool for API testers? Later, he joined the Centre for Software Development in the college well. Postman essentially helped developers construct an API request and send it to the server, and all of this could be done through JavaScript. Initially, Postman was hosted on Linode with MySQL but has now moved on to AWS. [YourStory Inspirations] How Vidya Balan, a Bollywood outsider, changed the narrative in a male-centric industry, CRED Founder Kunal Shah draws Rs 15,000 per month, NoBroker grabs additional Rs 40 Cr in Series E funding; to collaborate with Google, Simple Viral Games raises Rs 4 crore from WEH Ventures, PointOne Capital, others, Bill Gates congratulates government on Ayushman Bharat; PM thanks him, SoftBank sells shares worth Rs 954 Cr in Delhivery, Indian tech industrys revenue to reach $245B in FY23, adds 2.9 lakh new jobs: NASSCOM, Swiggy, Zomato flag 'misinterpretation' of bike-taxi ban order by Delhi RTO. 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