Postman essentially helped developers construct an API request and send it to the server, and all of this could be done through JavaScript. The stack now is much more complicated. 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. SaaS Founders Who Make The Most Revenue Per Employee. By Harichandan Arakali, Forbes India Staff . Essentially, we discovered that every piece of software that you are using today is an API or uses API, Abhinav said. Soon, Abhinavs Co-founders Abhijit Kane and Ankit Sobti joined him, and in 2014, the trio launched the startup formally. This will lead to a new breed of software, where one can create end-to-end applications just by APIs,without worrying about the front and back end. They made some money and Abhinav got an $80 cheque while still in Class 9. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. We saw that if you build a great product, you get a great community and [if] you are really constantly listening to them, people like to be part of this journey with you.. Choose your reason below and click on the Report button. Columbia Engineering Alumni Founded Companies, University of Houston Alumni Founded Companies, Dartmouth College Alumni Founded Companies, University of Economics, Prague Alumni Founded Companies, Canisius College Alumni Founded Companies, Indian Institute of Management Calcutta Alumni Founded Companies, Eastern Michigan University Alumni Founded Companies, Pantheon-Sorbonne University Alumni Founded Companies, University of Hawaii at Manoa Alumni Founded Companies, Universidad de Chile Alumni Founded Companies, Number of portfolio companies associated to the Person, Number of Organizations that the person founded, The organization associated to the person's primary job, Where the person is located (e.g. Why are so many SaaS founders taking money from Founderpath.com instead of VC`s? Postman boasts of a four-million user base and has two million monthly active users. Postman cofounders Abhijit Kane, Abhinav Asthana and Ankit Sobti (L-R). Abhinav Asthana is the Co-Founder and CEO of Postman. In his second year of college, Abhinav and three of his friends formed GrayScale to make money from building websites and applications. 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. 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. Postman's key executives include Abhinav Asthana and 2 others. We started working together on this. 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 /. And last month, it raised $150 million in its Series C round, led by New York City-based venture capital and private equity firm Insight Partners, at a valuation of $2 billion. For most entrepreneurs and startups, fundraising can be a real pain. Founder and CEO. 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 Pat Official likely has additional . at a time when ExamCrunch wasn't having much traction. It had that user love, a community that was coming around it, and people wanted the product. 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. 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. 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. Then internet happened and showed the vast amount of knowledge one could gain in the programming world. The coronavirus outbreak has forced several startups to downsize and effect salary cuts in a bid to stay afloat. Postman was taking off and the solutions Abhinav arrived at when he set out to solve his own problems resonated with the developers community as well. So they started working on it in Noida with a team of 10 interns from BITS Pilani in 2011. Abhinav decided to rewrite Postman and build it further. +Includes DocuBay and TimesPrime Membership. Postman wants to enable all kinds of APIs (and their use cases) and protocols. In 2012, the projects Abhinav was involved in has the same point - how to work with the API's that connected the front and backends of the application. Not only did the startup raise its latest funding round amidst the COVID-19 pandemic, which has thrown several businesses off the rails, it has also been hiring and growing during this period. He explains. - Favorite CEO? 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.. Days Trial. Unlock your 30 days free access to ETPrime now. A year later, it raised $7 million as part of its Series A from the same investor. What is your vision for Postman as a tool for API testers? All the applications are powered by specialized APIs for specific . Developer Advocate Twitter He adds that the coronavirus pandemic and its economic impacts have not affected Postman's adoption and customer growth. Search for what you want, categories, tags, keywords, authors, events, anything under YourStory. Smartphones were becoming popular then, so they teamported the entire thing onto the smartphone. In 2016, the startup raised $1 million in seed funding from Nexus Venture Partners. 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. Includes DocuBay and TimesPrime Membership. His father, a civil engineer who lived in Basti (near Gorakhpur in Uttar Pradesh) then, was fascinated with computers. 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. 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. Google Chrome developers happened to like it and put it as a featured app on the store, and its popularity multiplied. The tool got a few thousand users organically who gave feedback as well. The team created a project called Postman runtime to share its work in open source. Postman covers the entire API development cycle. He says, We were two of us in Lakhimpur, one guy each in the UK, the US and New Zealand.. Postman helps developers build APIs, or application programming interfaces, which allow apps to communicate with and include features from other services. Historically, people have created their own REST client to solve their problems, so the concept of Postman as a REST client isnt new. It's been a momentous year in the Postman universe. Modern software is bui 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. However, he declined the offer and decided to let ExamCrunch brew for some more time. From that epiphany, he built Postman, an API development platform that just raised a $150 million Series C funding round led by Insight Partners. APIs have been at the heart of almost every aspect of technology we have been using over the past decade. . In 2020, Postman raised $150 million in its Series C funding at a valuation of $2 billion. Postman est une application permettant de tester des API, cre en 2012 par Abhinav Asthana, Ankit Sobti et Abhijit Kane [2] Bangalore pour rpondre une problmatique de test d'API partageable. We see growth in all of them.. Postman cofounders Abhijit Kane, Abhinav Asthana and Ankit Sobti (L-R) Bengaluru: SaaS startup Postman has raised $225 million in a new funding round led by existing investor Insight Partners along with participation of new backers such as Coatue, storied Silicon Valley investor Mary Meeker's Bond Capital and Battery Ventures. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. IMAGE: From left to right: Abhinav Asthana, Postman's CEO and co-founder, Ankit Sobti, and Abhijit Kane. 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 team started rewriting core parts of Postman and launched collaboration platform (called Postman Cloud). He recalls. 55-Second Street San Francisco, California, United States, Postman is the collaboration platform for API development, used by 10 million developers and 500,000 companies worldwide. Abhinav Asthana is the founder of Postman and he joins . . Meet Kiran Bhatthe man who engineered Hulk and Tarkin to win 2017 sci-tech Oscar, 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. . In Android stack, the team wrote a C-based stitcher, using Android's native supportJava with C libraries linked to Java codethat would work on smartphones. He wrote the first free Postman app in 2012, and Postman is now used by more than 4 million developers across more than 30,000 companies worldwide, with Mac, Windows, Linux, and Chrome versions. Postman Postman 2013 Abhinav Asthana API Abhinav Asthana Ankit Sobti Abhijit Kane Postman Inc. Users of Postman can collaborate with their team through Team Workspaces, sharing collections, environments, history, and more. After having done all the work for BITS360, ExamCrunch and LetMeKnow.in, Abhinav realised that the tools which were used to make API calls and send data took a lot of time and expertise to use them well. He resumed programming in class 11. Visit Business Insider's homepage for more stories. But they started getting a lot of VC interest. Simply visit our Support Center to get started:https://www.postman.com/support To visit our Archives, click here. 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