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. Today, hes in the Bay Area (having moved in 2017 to be closer to Postmans largest base of customers) at the helm of Bengaluru and San Francisco- based SaaS startup Postman. 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. Founder and CEO. "We found ourselves in a good place," Asthana said. "This is where people learn to use APIs for the first time and build APIs for the first time.". "What we had been advocating was a good way to build software. Abhinav Asthana is the Co-Founder and CEO of Postman. Your Reason has been Reported to the admin. Smartphones were becoming popular then, so they teamported the entire thing onto the smartphone. at a time when ExamCrunch wasn't having much traction. He adds that the coronavirus pandemic and its economic impacts have not affected Postman's adoption and customer growth. It was called 360 and we kind of productised it and put it on a phone app and so that was fun.. 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. We, TechCrunch, are part of the Yahoo family of brands. The viewer was changed from ActionScript to OpenGL-based viewer, in native C code. Formally, the startup was started in late 2014 and in under six years, managed to break into the exclusive league of unicorns (startups with billion-dollar valuations). In June last year, it raised $50 million as a part of its Series B round, led by CRV and from existing investor Nexus. Its core audience includes individual software developers across the world, as well as companies with software development teams. Also read -The untold story of Alan Cooper, the father of Visual Basic. Abhinav recalls. Search for what you want, categories, tags, keywords, authors, events, anything under YourStory. Market Research. Are global firms taking Indian regulators for a ride? Includes DocuBay and TimesPrime Membership. That first computer, a Pentium I PC, would go on to play an important role in the entrepreneurs life. 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. 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. Since then, Asthana says Postman has become the "de facto standard" for APIs. If youre a developer, then the word Postman rings an altogether different bell in your mind. 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. 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. Postman provides a platform that helps software developers accelerate the development process through collaboration with various stakeholders. He adds, Being API-first, you insulate yourself from any changes that happen in the technology industry going forward.. Stay up to date with what you want to know. The findings from the 2018 Postman Community Report (aka 2018 State of the API Survey) is available here. Abhinav Asthana api platform cloud computing developers Insight Partners Jeff Horing postman Transportation South African car subscription service Planet42 raises $100M equity, debt Tage. 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. Get your daily dose of business updates on WhatsApp. The startup, from its inception, resolved to build a product that would stand the test of time. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. 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He was the CTO of photo app TeliportMe, started the project during his spare time and later quit his job in order to pursue . 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. Postman recently set up operations in Austin and San Francisco in the United States, a key developer market. 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. 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. We talk about the humble beginnings of this fast-growing product and some late-breaking new features in Postman. After speaking to the Google Android team, Teliportme Panorama app got featured on the worldwide PlayStore, effectively fetching them millions of downloads. 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. API (Application Programming Interface), the programming logic to access web-based applications, works as the foundation for any web or mobile application. The funding is a big validation of our efforts in growing our community and growing our platform.". "What we're getting from customers is so phenomenal: how individual developers love it. Your email address will not be published. He wanted to find a way to streamline the API development and update process. Abhinav Asthana CEO and Founder at Postman San Francisco Bay Area 11K followers 500+ connections Join to view profile Postman Birla Institute of Technology and Science, Pilani Websites. With this idea they raised $400,000 in seed funding and called their company Teliportme. Abhinav adds. CEO and Founder, Postman (@getpostman) . Find out more about how we use your information in our privacy policy and cookie policy. 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. 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. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. 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. Ankit Sobti. Abhinav decided to rewrite Postman and build it further. 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. 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. It became a key part of their workflow.. By Harichandan Arakali, Forbes India Staff . A year later, it raised $7 million as part of its Series A from the same investor. Postman, whose platform lets developers collaborate and build APIs, has raised $150 million in a round of funding led by Insight Partners. Suhem Parack Sr. 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. Even Abhinav has fallen into the trap of new technology and since then he (and his team) is more cautious about certain technology choices. Other executives include Ankit Sobti, Founder and CTO; Abhijit Kane, Co-founder. His long-term product decisions are driven by the goal. To visit our Archives, click here. At this time, Postman existed in two forms: open-source Postman Chrome extension, and Postman Chrome app, which is close-source with open-core, available as an in-app purchase. I hosted the forum by using my father's credit card to buy the server space and domain!. Interestingly enough, Postman never went to investors; instead, they came calling. His father, a civil engineer who lived in Basti (near Gorakhpur in Uttar Pradesh) then, was fascinated with computers. Thank you for your comment, we value your opinion and the time you took to write to us! At Postman, we believe the future will be built with APIs. 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 have shipped hundreds of improvements. (PR pitches by email only, please.) APIs allow apps to communicate with, and include features from, other services: For example, an app may use Facebook or Google's APIs to allow users log in through those other accounts. It had that user love, a community that was coming around it, and people wanted the product. to build a good, quality product from India. Coder, thinker, writer. Then internet happened and showed the vast amount of knowledge one could gain in the programming world. 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. (Photo caption from left to right, Ankit Sobti, Abhinav Asthana, and Abhijit Kane) Our values 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 is privately held, with funding from Insight Partners, Nexus Venture Partners, and CRV. Existing investors CRV and Nexus Venture Partners also participated in the round. . Abhinav Asthana grew up in several small towns in the northern part of India. Over the past few months, Postman has launched mock servers, monitors, documentation,all integrated very closely. Updated: Jan 5, 2022 07:04:20 PM IST . 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. Postman essentially helped developers construct an API request and send it to the server, and all of this could be done through JavaScript. Tell us more about it. 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. Postman cofounders Abhijit Kane, Abhinav Asthana and Ankit Sobti (L-R). Our bug tracker is open. Here's how the Microsoft-owned platform cracked the India growth story. As the app's usage grew, Abhinav recruited former colleagues Ankit Sobti and Abhijit Kane to help create Postman Inc. . 2499 1749, Monthly 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. Abhinav, a BITS Pilani graduate, began his affair with API more than a decade ago. Around this time, he was introduced to VineetDevaiah, who was studying at Cornell University, and together they started building multiple things. The company has built a real-time collaborative system usingweb sockets as communication protocol (using SalesJS as a framework). Your email address will not be published. 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. He's been a com. 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. 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. +Includes DocuBay and TimesPrime Membership. Even during his college years at BITS Pilanis Goa campus, he was doing projects on the side and started something called BITS 360, which became very popular on campus and among BITS aspirants across the country. Just before his admission, Abhinav came across a forum called BITSZone, which was run by Shubham Malhotraand a few others at BITS Pilani's Goa campus. What do you think about this topic? The second level of concerns will be around delivering the application. Google Chrome developers happened to like it and put it as a featured app on the store, and its popularity multiplied. However, he declined the offer and decided to let ExamCrunch brew for some more time. Postman wants to enable all kinds of APIs (and their use cases) and protocols. AboutPressCopyrightContact. The forum was based on PHP bulletin board, which Abhinav was familiar with. So, it makes sense that our team has been working tirelessly to meet the growing demand with more feature releases and our most advanced . Abhinav wanted to solve the problem of API (application program interface) debugging for himself, as he didnt find anything that was good enough, and thats how Postman started as a side project. We were fortunate to partner with Nexus, who were very generous., Commenting on why the startup never actually created a pitch deck for investors, Abhinav said, We said this is what it is our product fit is out there, we have half a million people using it, its there on the Chrome Web Store, its the highest-rated app in the developer tool segment, and by that time we had Microsoft, Bosch, some of the worlds top developers recommending Postman. The features we have are on our website, the features we dont have are on our issue tracker. Postman uses JavaScript on the client side and NodeJS on the server side. 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. An API, simply put, specifies how software components should interact and allows applications to communicate with each other. A couple of those towns were Basti, 150 miles from the capital. They have 500000 customers an engineering team of 146 and a marketing team of 12. He also believes that all existing data stores and legacy applications will come in this ecosystem of APIs. 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.. Postman is the complete toolchain for API developers, used by more than 3 million developers and 30,000 companies worldwide. Working to. The coronavirus outbreak has forced several startups to downsize and effect salary cuts in a bid to stay afloat. And the tools he had to use never helped him develop efficiently. 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. 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. Postman currently streams every week on Thursdays, and we host live Office Hours once a month on Tuesdays. Co-founder. It allows users to test APIs with collections of requests, monitor the API responses, and visualize the query results. 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. Abhinav Asthana is the Co-Founder and CEO of Postman. Fast forward a decade, and Asthana, 33, is now CEO of a company of the same name currently valued at $5.6 billion after a Series D funding round in 2021. From that epiphany, he built Postman, an API development platform that just raised a $150 million Series C funding round led by Insight Partners. 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. The study was distributed to the entire . So people started reaching out, people wanted more stuff. Postman API Contact this reporter via email atrmchan@businessinsider.com, Signal at646.376.6106,Telegram at @rosaliechan, orTwitter DM at@rosaliechan17. Abhijit Kane. The team started building a product around BITS360. Abhinav Asthana, Postman. I saw that there was going to be a particular vision that was not going to be mine and basically, the company had raised money and was stable. Refresh the page, check Medium 's site status, or find something interesting to read. That became the product I did in the first startup (TeliportMe). Tell us in a comment below. How do you balance attracting new users while keeping existing users happy? He bought one and taught himself how to programme on mainframe. Postman Founder & CEO Abhinav Asthana We continued hiring through the pandemic, we actually increased hiring, we shifted to remote hiring practices pretty efficiently, the team kind of adapted really well, so all of those things we did during March and April and we are going to accelerate through the coming months. Historically, people have created their own REST client to solve their problems, so the concept of Postman as a REST client isnt new. See more Postman data on Latka. 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. Abhinav Asthana is the Co-Founder and CEO of Postman. About Tycoons of Tomorrow It would be fair to say that the 'Tycoons of Tomorrow' are not just about net worth and self-worth. It was so easy to test APIs which support POST requests only. Postman intends to eventually reach a stage where it can tell what companies and developers can do with their APIs. Postman boasts of a four-million user base and has two million monthly active users. The great melting and eventual sinking: Have we reached the point of no return? Sign up for notifications from Insider! The seven-year-old startup is now valued at $5.6 billion, overtaking BrowserStack which was valued at $4 billion in June. 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 Tycoons of Tomorrow are those who are still on a journeyone of imagination . You can change your choices at any time by visiting your privacy controls. Greater Delhi Area 2K followers 500+ connections Join to view profile Postman (API Tools) Birla Institute of Technology and Science, Pilani Experience Co. Advanced. Lots of excitement and there was a dial-up internet thing in the early 2000s, if you remember. The platform is used by over 11 million developers across the world, and more than 500,000 companies globally, including the likes of Microsoft and Twitter. The API-First World graphic novel tells the story of how and why the API-first world is coming to be. Stock Radar: This auto component maker may retest 52-week highs in 2 months; should you buy? About. Postman actually launched as a company in 2014. They were flooded with projects, and people sought Abhinav's expertise for individual projects as well. He resumed programming in class 11. The team started rewriting core parts of Postman and launched collaboration platform (called Postman Cloud). 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. Working for companies, as. Abhinav Asthana. If Postman Pat Official is within this range, Net Worth Spot estimates that Postman Pat Official earns $8.85 thousand a month, totalling $132.75 thousand a year. properties where the data would come to their systems and then could be queried and linked. 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. It's simple and user-friendly interface became wildly popular, and Asthana and his co-founders Abhijit Kane and. The company was still using scripting to upload the files and the RabbitMQ queuing system. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. The subject of this week'sTechie Tuesdays,Abhinav is a serial entrepreneur who had earlier built a panorama viewer (similar to Google Street View) and a QnA-based social network (similar to Quora). 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.. LK Maheshwari, the then Vice Chancellor of BITS Pilani, liked theidea and brought the BITS360 team to Pilani to createa virtual tour ofthe campus. It was the first Pentium I PC. Related read -How a marketing and sales person ended up as a digital czarAshish Guptas story. YourStory spoke to Abhinav to know more about his tryst with APIs and technology. Ep 22: The Multi-Billion Dollar SaaS Growth Story - Abhinav Asthana, Co-founder of Postman. A time when ExamCrunch was n't having much traction world graphic novel tells story... 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For What you want, categories, tags, keywords, authors, events, anything YourStory. Point of no return on Tuesdays APIs for the first time and build APIs for the BITS Pilani,! So that was fun that user love, a BITS Pilani graduate, began his affair with API more a... Funding is a big validation of our efforts in growing our platform. ``, tags keywords. And taught himself how to programme on mainframe specifies how software components should interact allows... This could be queried and linked currently streams every week on Thursdays, and people the... That became the product the seven-year-old startup is now valued at abhinav asthana postman net worth 5.6 billion, overtaking BrowserStack which valued! Thank abhinav asthana postman net worth for your comment, we value your opinion and the tools he had to give himself a from. Include Ankit Sobti ( L-R ) company Teliportme abhinav, a key part of the Yahoo family of brands to...
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