By now, he was completely hooked to the computer and programming. 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. Abhinav began working with computers at an early age. 2-Year Are global firms taking Indian regulators for a ride? 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. 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 API Hear the Postman origin story and learn more about the upcoming vision for the Postman API platform. 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. By now, Abhinav had companiesboth from India and Silicon Valleyoffering him the job of CTO. In. Its core audience includes individual software developers across the world, as well as companies with software development teams. To visit our Archives, click here. click here! When the family moved to Lakhimpur Kheri, Abhinav learnt BASIC programming and later Visual Basic in Class 6th and 7th. Working to. A couple of those towns were Basti, 150 miles from the capital. Abhinav then convinced Ankit to leave Directi and join him at Postman. Around this time, he was introduced to VineetDevaiah, who was studying at Cornell University, and together they started building multiple things. Your Reason has been Reported to the admin. The coronavirus outbreak has forced several startups to downsize and effect salary cuts in a bid to stay afloat. That first computer, a Pentium I PC, would go on to play an important role in the entrepreneurs life. In 2022, Postman revenue run rate hit$102.7M in revenue. Culinary magician who specializes in tacos and boba. 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. Its founders believe that APIs are the fundamental building blocks of technology, going forward. They were flooded with projects, and people sought Abhinav's expertise for individual projects as well. We didnt know whats going to happen but we just had to do it, Abhinav said. Modern software is bui ), I am using Postman chrome extension (offered by leafwind) since Jul\'13! In his second year of college, Abhinav and three of his friends formed GrayScale to make money from building websites and applications. Abhinav explains. Abhinavs father, who got him that first computer and taught him programming, is a proud parent, as is his mother. The seven-year-old startup is now valued at $5.6 billion, overtaking BrowserStack which was valued at $4 billion in June. With this idea they raised $400,000 in seed funding and called their company Teliportme. Initially headquartered in Bengaluru, Postman shifted its HQ to San Francisco in 2017 to better serve the needs of its community and to be closer to its largest client base. Founder and CTO. 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. 15 After speaking to the Google Android team, Teliportme Panorama app got featured on the worldwide PlayStore, effectively fetching them millions of downloads. How do you balance attracting new users while keeping existing users happy? 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.. That became the product I did in the first startup (TeliportMe). Most of those findings are in our, Postman continues to evolve towards our vision of building the API-first world at a rapid pace. Watch what happened and hear straight from Abhinav in this full video. Dont miss out on ET Prime stories! You can change your choices at any time by visiting your privacy controls. He was the CTO of photo app TeliportMe. He bought one and taught himself how to programme on mainframe. 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. They explored the various ways it which it could be used. This story begins in the lesser-known town of Basti in eastern Uttar Pradesh (UP), where Postman Founder and CEO Abhinav Asthana would for the first time experience a computer, as a Class 5 student. On the backend, Abhinav used PHP. "That's what we've been doing for the past few years. Abhinav Asthana grew up in several small towns in the northern part of India. Our bug tracker is open. 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 most valued Indian SaaS startup at $5.6 billion . Thinking about past, Abhinav regrets those instances when hehad let go off his intuition and learning, to choose experts advice. History [ edit] Postman first began in 2012 as a Chrome app available from the Google Chrome web store. Its also looking at building advanced tools for reporting. +Includes DocuBay and TimesPrime Membership. Monitoring as a product will have multi-region monitoring and on-premises monitoring,which you can connect to a cloud-based system. 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. 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. Postman Pat Official likely has additional . The features we have are on our website, the features we dont have are on our issue tracker. 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. He says, By this time, Google Street View had not come out so we thought we were quite progressive., Since it was a 360-degree panorama, the team named it BITS360. The most valued Indian Software-as-a-Service (SaaS) startup at $5.6 billion, Postman has partnered with companies like Axis Bank and Disney Hotstar in the domestic market, helping them reduce shipping time for new API products, allowing fresh integrations, and driving efficiencies. See the full leadership team at Craft. It was called 360 and we kind of productised it and put it on a phone app and so that was fun.. On the higher end, Postman Pat Official could earn as much as $238.95 thousand a year. 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.. 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). An interview with Abhinav Asthana, Founder and CEO - Postman By Jyotsana Gupta on August 27, 2018 2 Comments / 3463 views. 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. 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. 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. 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. . About Tycoons of Tomorrow It would be fair to say that the 'Tycoons of Tomorrow' are not just about net worth and self-worth. Asthana started Postman as a side project in 2012 while also acting as founder and CTO of photography startup TeliportMe. 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. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Learn how your comment data is processed. It was created by Abhinav Asthana, a former Yahoo intern who found it difficult to develop and test APIs. Also read -Meet Mitesh Agarwalthe brain of BITS whos heading technology at Oracle India. Postman provides a platform that helps software developers accelerate the development process through collaboration with various stakeholders. 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. (PR pitches by email only, please.) Postman is using AWS services like Beanstalk, VPC s and RDS. He recalls. Panorama was initially created using GPU computing, a web-based stitcher. What he didn't know then was his son would get hooked as well. On reaching the campus, he signed up for the forum. "We call this the 'developer first mentality.' 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 /. 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. Postman, whose platform lets developers collaborate and build APIs, has raised $150 million in a round of funding led by Insight Partners. 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. Find Abhinav Asthana's articles, email address, contact information, Twitter and more. Abhinav Asthana, CEO & Co-Founder, Postman CE: We learned that you co-founded few companies including - BITS360, Grayscale Design and TeliportMe. 3 Key Things. 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. We have shipped hundreds of improvements. Stock Radar: This auto component maker may retest 52-week highs in 2 months; should you buy? WhatsApp messages run through APIs, and the list is really endless. Abhinav says. . The company plans to invest the new funding in hiring engineers, designers, and salespeople, and scaling its partnerships. So, I had to do something else and that became programming, and at the time, internet was just kind of taking off in India. Ep 22: The Multi-Billion Dollar SaaS Growth Story - Abhinav Asthana, Co-founder of Postman. "We're intent on listening to developers," Asthana said. Experience Your Economic Times Newspaper, The Digital Way! An API, simply put, specifies how software components should interact and allows applications to communicate with each other. It fits the situation a lot better.". 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 and Vineet built a virtual tour for National University of Singapore and some other clients. Early age on to play an important role in the northern part of India Ltd. All reserved! Invest the new funding in hiring engineers, designers, and scaling its partnerships our, Postman run. Didnt know whats going to happen but we just had to do it, said! At Cornell University, and people sought Abhinav 's expertise for individual projects as well choose experts advice doing the... 6Th and 7th going to happen but we just had to do it, Abhinav had companiesboth from and... Ways it which it could be used three of his friends formed GrayScale to make from! 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