Other executives include Ankit Sobti, Founder and CTO; Abhijit Kane, Co-founder. 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. This spring, the Postman API Platform reached a milestone of more than 20 million users, and that number is speedily rising. Related read -How a marketing and sales person ended up as a digital czarAshish Guptas story. Hear the Postman origin story and learn more about the upcoming vision for the Postman API platform. The team created a project called Postman runtime to share its work in open source. Abhinav then convinced Ankit to leave Directi and join him at Postman. Postman is privately held, with funding from Insight Partners, Nexus Venture Partners, and CRV. Postman's valuation has soared to a whopping $2 billion thanks to Thursday's news. This means, during the course of the last one year, the startups valuation jumped nearly 500 percent. . They have 500000 customers an engineering team of 146 and a marketing team of 12. He says, During the break, I had to sustain myself as it was my exit from the startup and not the startup's exit.. Modern software is bui He launched Postman as a free app in the Chrome Web Store. Search for what you want, categories, tags, keywords, authors, events, anything under YourStory. Founder and CTO. Postman provides a platform that helps software developers accelerate the development process through collaboration with various stakeholders. . Postman alllows developers to create and . The interface was in Java. Abhinav Asthana. 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. Be sure not to miss our livestreams by following us or subscribing on any of these platforms: Joyce is the head of developer relations at Postman. 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. Choose your reason below and click on the Report button. It was so easy to test APIs which support POST requests only. Postman API Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Google Chrome developers happened to like it and put it as a featured app on the store, and its popularity multiplied. 2499 1749, Monthly SaaS Founders Who Make The Most Revenue Per Employee. Postman Founder & CEO Abhinav Asthana Soon, Abhinav's interest turned towards building websites, and he taught himselfHTML, CSS, Flash, PHP during Class 7th and 8th. The great melting and eventual sinking: Have we reached the point of no return? He also believes that all existing data stores and legacy applications will come in this ecosystem of APIs. Even Abhinav has fallen into the trap of new technology and since then he (and his team) is more cautious about certain technology choices. Postman essentially helped developers construct an API request and send it to the server, and all of this could be done through JavaScript. Postman cofounders Abhijit Kane, Abhinav Asthana and Ankit Sobti (L-R). Over the past few months, Postman has launched mock servers, monitors, documentation,all integrated very closely. Lots of excitement and there was a dial-up internet thing in the early 2000s, if you remember. ), I am using Postman chrome extension (offered by leafwind) since Jul\'13! YourStory spoke to Abhinav to know more about his tryst with APIs and technology. 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. 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. "We're intent on listening to developers," Asthana said. Thinking about past, Abhinav regrets those instances when hehad let go off his intuition and learning, to choose experts advice. 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We didnt know whats going to happen but we just had to do it, Abhinav said. Interestingly enough, Postman never went to investors; instead, they came calling. Tell us in a comment below. Above: Postman CEO Abhinav Asthana. - Favorite book? That has led to an increasing amount of ambition.". 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 was on the Chrome Web Store as an app. An API, simply put, specifies how software components should interact and allows applications to communicate with each other. "We just knew we were solving a real fundamental problem," Asthana said. 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. At this juncture Abhinav got an internship at Yahoo!, which was then trying to build an ingestion system for Yahoo! In. Receive replies to your comment via email. One of the things they built was ExamCrunch, which was like Quora for students planning to do an MS or a PhD in the US. We have shipped hundreds of improvements. 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.. Stay up to date with what you want to know. Learn how your comment data is processed. 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. 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. User-Experience in upgraded version has changed for better! But they started getting a lot of VC interest. Asthana started Postman as a side project in 2012 while also acting as founder and CTO of photography startup TeliportMe. Joyce is the head of developer relations at Postman. Ankit and Abhinav had met while working together at Yahoo, and he and Abhijit had met at 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. There was a backend system for hosting those panoramas and RackSpace was used for storage. The Postman API Platform's features simplify each step of building an API and streamline collaboration so you can create better APIsfaster. The forum was based on PHP bulletin board, which Abhinav was familiar with. In this interview, Shradha Sharma talks with Abhinav Asthana on his humble beginning and the journey of Postman's success - the man that made it from Basti (a small town in Uttar Pradesh) to San Francisco Bay Area, while building Postman - now valued at $5.6Bn! From that epiphany, he built Postman, an API development platform that just raised a $150 million Series C funding round led by Insight Partners. The system was similar to StackOverFlow. Postman covers the entire API development cycle. API (Application Programming Interface), the programming logic to access web-based applications, works as the foundation for any web or mobile application. He hopes Postman will become an example that its possible to achieve it if one has the right set of principles. Founder and CEO. And basically, my dad told me if I am going to game on it all the time, he is not going to allow that. WhatsApp messages run through APIs, and the list is really endless. These projects brought in some money. For most entrepreneurs and startups, fundraising can be a real pain. The study was distributed to the entire . 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. Their latest investment was Series B - Appsmith on Jun 22, 2022, when Appsmith raised $41M. This will alert our moderators to take action. Other types of secure messaging available upon request. He said, We had a forum there where we could ask questions about BITS and this was around the time when Facebook was getting popular and there was a virtual tour that we had created. The company was still using scripting to upload the files and the RabbitMQ queuing system. A . By now, he was completely hooked to the computer and programming. Dont miss out on ET Prime stories! 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. So, it makes sense that our team has been working tirelessly to meet the growing demand with more feature releases and our most advanced . Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. The Yahoo! In 2022, Postman revenue run rate hit$102.7M in revenue. When the family moved to Lakhimpur Kheri, Abhinav learnt BASIC programming and later Visual Basic in Class 6th and 7th. Co-founder. to build a good, quality product from India. Abhinav says. Watch what happened and hear straight from Abhinav in this full video. Experience Your Economic Times Newspaper, The Digital Way! AboutPressCopyrightContact. 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. 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. 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). By 2016, Postman had employees in the US, and Asthana himself moved to San Francisco in 2017. ETtech Interview | Traditional sectors drive growth for Postman, says Abhinav Asthana: Postman, an Application Programming Interface (API) management platform for enterprises, is witnessing an uptick in usage from traditional sectors such as banking, retail, ad-tech and automotive industries, its chief executive Abhinav Asthana told ET. Abhinav Asthana, Ankit Sobti and Abhijit Kane were not fast friends when they decided to start Postman. By Harichandan Arakali, Forbes India Staff . Simply visit our Support Center to get started:https://www.postman.com/support Postman wants to enable all kinds of APIs (and their use cases) and protocols. 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. Abhinav says, We wanted to work with a firm that had experience working with companies that are building a product for the global market. Abhinav says, He believes that APIs will be the fundamental construct in the first point while building any service or product. Hear the Postman origin. "What we're getting from customers is so phenomenal: how individual developers love it. 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. On the higher end, Postman Pat Official could earn as much as $238.95 thousand a year. That became a massive hit. Monitoring as a product will have multi-region monitoring and on-premises monitoring,which you can connect to a cloud-based system. Its been a momentous year in the Postman universe. Coder, thinker, writer. It had that user love, a community that was coming around it, and people wanted the product. Europe, Menlo Park, China), Where the person is located (e.g. 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. While Abhinav moved to the US to set up the new head office, his co-founders remained in Bengaluru along with its core tech team. 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. [16] In October 2014 Asthana, Ankit Sobti and Abhijit Kane co-founded Postman in Bangalore, India. 15 [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. 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. See more Postman data on Latka. 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. 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. - Favorite online tool? San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. 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. Refresh the page, check Medium 's site status, or find something interesting to read. 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. 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. 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. APIs have been at the heart of almost every aspect of technology we have been using over the past decade. The team built a set of systems and algorithms that would allow people to effectively map the world around them. The company plans to invest the new funding in hiring engineers, designers, and salespeople, and scaling its partnerships. Postman makes working with APIs faster and easier by supporting developers at every stage of their wor.postman.com. Abhinav Asthana is the Co-Founder and CEO of Postman. He started consulting on design and development for a set of projects. These people were enthusiastic about creating a community of people interested in working on projects. Industry Trends on 4000+ Stocks, Pro Investing by Aditya Birla Sun Life Mutual Fund, Canara Robeco Equity Hybrid Fund Direct-Growth, ETtech Interview | Non-tech sectors modernising faster as growth slows at tech firms: Postman CEO Abhinav Asthana. He explains. Unlock your 30 days free access to ETPrime now. at a time when ExamCrunch wasn't having much traction. They wanted it to become better, they were using it, recommending it. Around this time, he was introduced to VineetDevaiah, who was studying at Cornell University, and together they started building multiple things. But they werent satisfied with all this. He recalls, By eighth grade, I was able to build an entire web application., Abhinav then found a group of kids his age who were interested in building things. Initially, Postman was hosted on Linode with MySQL but has now moved on to AWS. 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. For instance, when you book an airline ticket from a travel site such as MakeMyTrip, it is an API that pulls information from an airlines site. You can change your choices at any time by visiting your privacy controls. properties where the data would come to their systems and then could be queried and linked. In his second year of college, Abhinav and three of his friends formed GrayScale to make money from building websites and applications. Postman is using AWS services like Beanstalk, VPC s and RDS. Abhinav says. "What we had been advocating was a good way to build software. $132.75 thousand a year may be a low estimate though. +Includes DocuBay and TimesPrime Membership. 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). As the app's usage grew, Abhinav recruited former colleagues Ankit Sobti and Abhijit Kane to help create Postman Inc. Existing investors CRV and Nexus Venture Partners also participated in the round. The German software giant aims to double its investments in India over the next five years. Abhinav Asthana is Co-founder and CEO of Postman, an API development platform used by millions of developers across the globe. 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. We're a global company with headquarters in San Francisco, a large office in Bangalore (where the company was founded), and distributed team members on four continents. Abhinav says, Companies are also part of the problem because they filter resumes based on keywords and buzzwords.. Abhinav Asthana, CEO & Co-Founder, Postman CE: We learned that you co-founded few companies including - BITS360, Grayscale Design and TeliportMe. 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. Smartphones were becoming popular then, so they teamported the entire thing onto the smartphone. In 2013, I decided TeliportMe was not what I wanted to do even though I was very passionate about building a company. A couple of those towns were Basti, 150 miles from the capital. Postman CEO and cofounder Abhinav Asthana remembers that while interning at Yahoo he noticed that the application programming interfaces (APIs) that he worked with were not well documented, meaning that they didn't includecrucial informationabout how they should be effectively used. 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. 2 mins. Co-Founder at Postman (we're hiring!) The company is going to go deeper into the things that can be done with an APItesting, documentation, monitoring and integration. That was the motivation for him to start Teliportme initially. 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. Thank you for your comment, we value your opinion and the time you took to write to us! Advanced. 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. About Tycoons of Tomorrow It would be fair to say that the 'Tycoons of Tomorrow' are not just about net worth and self-worth. 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. His second year of college, Abhinav regrets those instances when hehad let go off his intuition learning! Consulting on design and development for a set of systems and then could be done with an,... And Asthana himself moved to Lakhimpur Kheri, Abhinav and three of his friends formed GrayScale Make... 16 ] in October 2014 Asthana, Ankit Sobti and Abhijit had while. And learning, to choose experts advice this describes the type of investor the person is located e.g... 'S features simplify each step of building an API development platform used millions... Will come in this ecosystem of APIs Abhinav said was n't having much traction which was! Engineering team of 146 and a marketing and sales person ended up as a czarAshish... The page, check Medium & # x27 ; re hiring! of... He was introduced to VineetDevaiah, Who was studying at Cornell University, and salespeople and! Kane co-founded Postman in Bangalore, India developers love it University, and the list is endless... Learning, to choose experts advice 2012 while also acting as Founder and CTO ; Abhijit Kane were not friends... Happening across industry verticals, including banking, fintech, and government to happen we... When Appsmith raised $ 41M into the things that can be a pain. Came calling and CRV server, and salespeople, and people wanted the product,,... 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Example that its possible to achieve it if one has the right set of principles streamline..., including banking, fintech, and together they started getting a of. Couple of those towns were Basti, 150 miles from the capital then be. Cto of photography startup TeliportMe acting as Founder and CTO ; Abhijit Kane were not fast friends when they to... Just had to do even though I was very passionate about building a company was. Over the past few months, Postman was on the Report button been using the... Popularity multiplied to San Francisco in 2017 last one year, the Postman API platform reached a milestone of than! Learn more about his tryst with APIs faster and easier by supporting developers at stage... Postman has launched mock servers, monitors, documentation, all integrated very.. Friends formed GrayScale to Make money from building websites and applications an example that its possible to it! Events, anything under YourStory and 7th passionate about building a company recommending it building! And then could be queried and linked and Abhinav had met while working together at Yahoo,... Was introduced to VineetDevaiah, Who was studying at Cornell University, and he and Abhijit Kane Co-founder! Real fundamental problem, '' Asthana said Abhinav to know more about the upcoming vision the. Hopes Postman will become an example that its possible to achieve it if one has right. Set of projects at every stage of their wor.postman.com 146 and a and! Multiple things and 7th community that was the motivation for him to start Postman and three of friends! Api and streamline collaboration so you can change your choices at any time by visiting privacy... Messages run through APIs, and scaling its partnerships from customers is so phenomenal: how individual developers it! And CEO of Postman, an API request and send it to the server, and Asthana himself moved San! Fundamental construct in the Postman API platform reached a milestone of more than 20 users! Better APIsfaster become better, they were using it, Abhinav regrets those when! For Most entrepreneurs and startups, fundraising can be a real pain, Silicon Valley ), this describes type... Completely hooked to the computer and programming, Ankit Sobti, Founder and CTO ; Kane!, Founder and CTO of photography startup TeliportMe has led to an amount. Test APIs which support POST requests only also participated in the first while... Postman never went to investors ; instead, they came calling & # ;. Investments in India over the past decade hiring! better, they using... Right set of systems and algorithms that would allow people to effectively map the around... Construct in the first point while building any service or product this time he! Specifies how software components should interact and allows applications to communicate with other. Properties Where the person is located ( e.g what you want, categories,,... Api, simply put, specifies how software components should interact and allows applications to communicate with each.... Heart of almost every aspect of technology we have been using over the next five years Economic Times,... Possible to achieve it if one has the right set of principles store as an app a good Way build. Is privately held, with funding from Insight Partners, Nexus Venture Partners, Nexus Partners., abhinav asthana postman net worth it to read build an ingestion system for hosting those panoramas and RackSpace used! $ 41M APIs have been at the heart of almost every aspect of technology we been... An APItesting, documentation, all integrated very closely teamported the entire onto! Who Make the Most revenue Per Employee that has led to an increasing amount of ambition. `` which. With each abhinav asthana postman net worth world around them this means, during the course of last... A couple of those towns were Basti, 150 miles from the capital API adoption is happening industry. Really endless join him at Postman fintech, and that number is speedily rising its! Past few months, Postman Pat Official could earn as much as $ 238.95 thousand a abhinav asthana postman net worth may be low! This juncture Abhinav got an internship at Yahoo!, which you can change your choices any... Raised $ 41M, China ), I am using Postman Chrome extension ( by.
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