By 2016, Postman had employees in the US, and Asthana himself moved to San Francisco in 2017. Why out of all the options in the world were people choosing this? Over the past few months, Postman has launched mock servers, monitors, documentation,all integrated very closely. Are global firms taking Indian regulators for a ride? Its slowly migrating away from PHP codebase to more of micro-services-driven model. 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. 15 Developer Advocate Twitter Abhinav got a job offer from Yahoo! But they started getting a lot of VC interest. "We're intent on listening to developers," Asthana said. With Postman, Abhinav Asthana has built an API powerhouse that is changing the way developers look at software, helping them take an 'API-first' approach. Abhinav Asthana, Postman. A year later, it raised $7 million as part of its Series A from the same investor. Search for what you want, categories, tags, keywords, authors, events, anything under YourStory. Joyce is the head of developer relations at Postman. Abhinav Asthana is the Co-Founder and CEO of Postman. Indias fastest-growing blockchain unicorn and a USD1.5 billion question. And for me, from an Indian perspective, it was important to prove that great products could be built out of India, Abhinav said. He says, We created an entire virtual tour of the campus. And the tools he had to use never helped him develop efficiently. Postman makes working with APIs faster and easier by supporting developers at every stage of their workflow, and is available for | Discover getpostman.com worth, traffic, revenues, global rank, pagerank, pagerank, visitors, pageviews, ip, indexed pages, backlinks . 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. From that epiphany, he built Postman, an API development platform that just raised a $150 million Series C funding round led by Insight Partners. For example, as a virtual tour software or a real estate promotional software. Abhinav Asthana is the Co-Founder and CEO of Postman. The Postman API Platform's features simplify each step of building an API and streamline collaboration so you can create better APIsfaster. 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. Find out more about how we use your information in our privacy policy and cookie policy. That first computer, a Pentium I PC, would go on to play an important role in the entrepreneurs life. And basically, my dad told me if I am going to game on it all the time, he is not going to allow that. Postman is a system for API collaboration. That has led to an increasing amount of ambition.". - Favorite book? At this juncture Abhinav got an internship at Yahoo!, which was then trying to build an ingestion system for Yahoo! Working for companies, as. 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. But they werent satisfied with all this. Issues he heard about from those engineers were echoed in his own experience at TeliportMe, where too often one team would update an API without notifying any other teams that could be affected by changes. 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. He hopes Postman will become an example that its possible to achieve it if one has the right set of principles. On reaching the campus, he signed up for the forum. 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. Monitoring as a product will have multi-region monitoring and on-premises monitoring,which you can connect to a cloud-based system. Jobs Number of Current Jobs 1 Number of Past Jobs 1 Historically, people have created their own REST client to solve their problems, so the concept of Postman as a REST client isnt new. ( Originally published on Aug 18, 2021 ), Economy Grows at a Slower Pace of 4.4% in Dec qtr, Hope It Doesnt Take a Second Pandemic to Build Right Tools, Postman becomes most valued Indian SaaS startup after $225M funding, Bond Capital led the $200 million funding round in BrowserStack, SaaS startups from India are seeing increased investor interest, Terms of Use & Grievance Redressal Policy. 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. An API, simply put, specifies how software components should interact and allows applications to communicate with each other. 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. A timeline of Postman's journey to becoming a successful API platform. 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). Plus, he revealed some fun factscan you guess what video games hes currently playing? Abhinav Asthana Forbes Councils Member | COUNCIL POST | Membership (fee-based) ABOUT CEO & Co-Founder of Postman, the complete API development environment. 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. Also read -The untold story of Alan Cooper, the father of Visual Basic. 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. Lots of excitement and there was a dial-up internet thing in the early 2000s, if you remember. 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. 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. 2 mins. It had that user love, a community that was coming around it, and people wanted the product. According to research firm MarketsandMarkets, the API management market is estimated to touch $5.1 billion by 2023. The API-First World graphic novel tells the story of how and why the API-first world is coming to be. In 2022, Postman revenue run rate hit$102.7M in revenue. Abhinav says, He believes that APIs will be the fundamental construct in the first point while building any service or product. Postman API 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! Essentially, we discovered that every piece of software that you are using today is an API or uses API, Abhinav said. The company plans to invest the new funding in hiring engineers, designers, and salespeople, and scaling its partnerships. Ep 22: The Multi-Billion Dollar SaaS Growth Story - Abhinav Asthana, Co-founder of Postman. - Favorite CEO? Postman Founder & CEO Abhinav Asthana 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. Users of Postman can collaborate with their team through Team Workspaces, sharing collections, environments, history, and more. We, TechCrunch, are part of the Yahoo family of brands. It became a key part of their workflow.. Postman wants to enable all kinds of APIs (and their use cases) and protocols. Postman uses JavaScript on the client side and NodeJS on the server side. Our bug tracker is open. Announcing Postman 2023 Product and Versioning Updatesand VS Code Extension. What is your vision for Postman as a tool for API testers? - Postman alllows developers to create and . The stack now is much more complicated. Today, the applications are delivered on multiple front ends, and with Alexa, chatbots and others, mini applications are delivered as a part of other larger applications. Postman started in 2012 as a side project of software engineer Abhinav Asthana, who wanted to simplify API testing, while working at Yahoo Bangalore. This will alert our moderators to take action. However, he confidently added that a week after the said product is out, Postman would still be better because it is constantly listening to developers across the world and updating its platform. The Tycoons of Tomorrow are those who are still on a journeyone of imagination . What do you think about this topic? 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. In. I hosted the forum by using my father's credit card to buy the server space and domain!. He resumed programming in class 11. 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. 3 Key Things. This means, during the course of the last one year, the startups valuation jumped nearly 500 percent. 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. He bought one and taught himself how to programme on mainframe. Postman's valuation has soared to a whopping $2 billion thanks to Thursday's news. Tell us in a comment below. Watch what happened and hear straight from Abhinav in this full video. Abhinav explains. "We call this the 'developer first mentality.' Co-Founder at Postman (we're hiring!) Abhinav Asthana grew up in several small towns in the northern part of India. "My focus has been helping developers solve this whole challenge of building software, when it comes to building APIs," Asthana told Business Insider. Postman is the complete toolchain for API developers, used by more than 3 million developers and 30,000 companies worldwide. Smoke without 5ire? 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. Thank you for your comment, we value your opinion and the time you took to write to us! 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. 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. Its founders believe that APIs are the fundamental building blocks of technology, going forward. Personal Investments Number of Investments 4 Abhinav Asthana has made 4 investments. By now, Abhinav had companiesboth from India and Silicon Valleyoffering him the job of CTO. The coronavirus outbreak has forced several startups to downsize and effect salary cuts in a bid to stay afloat. He's been a com. The team created a project called Postman runtime to share its work in open source. "It started from a pain point of me wanting to develop APIs and work with my coworkers better," Asthana said. Soon, Abhinavs Co-founders Abhijit Kane and Ankit Sobti joined him, and in 2014, the trio launched the startup formally. Then internet happened and showed the vast amount of knowledge one could gain in the programming world. Postman, whose platform lets developers collaborate and build APIs, has raised $150 million in a round of funding led by Insight Partners. 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. "What we had been advocating was a good way to build software. 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. . That became a massive hit. Postman makes working with APIs faster and easier by supporting developers at every stage of their wor.postman.com. Learn how your comment data is processed. Later on, the BITSZone forum was moved to BITS360 (and became a part of it) which was formally launched. "We found ourselves in a good place," Asthana said. He says, During the break, I had to sustain myself as it was my exit from the startup and not the startup's exit.. (Photo caption from left to right, Ankit Sobti, Abhinav Asthana, and Abhijit Kane) Our values About Tycoons of Tomorrow It would be fair to say that the 'Tycoons of Tomorrow' are not just about net worth and self-worth. Abhinav says. 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. A couple of those towns were Basti, 150 miles from the capital. 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. Abhinav Asthana is the Co-Founder and CEO of Postman. 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). He launched Postman as a free app in the Chrome Web Store. Its core audience includes individual software developers across the world, as well as companies with software development teams. 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. The viewer was changed from ActionScript to OpenGL-based viewer, in native C code. On the higher end, Postman Pat Official could earn as much as $238.95 thousand a year. 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. 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. 2-Year His father, a civil engineer who lived in Basti (near Gorakhpur in Uttar Pradesh) then, was fascinated with computers. (PR pitches by email only, please.) Required fields are marked *. If anything, the company's seeing more business than before. 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. 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 began working with computers at an early age. 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 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. 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 saw that any system would have an API that would connect to the backend systems, and managing that API (testing and debugging) was becoming a challenging task. Other executives include Ankit Sobti, Founder and CTO; Abhijit Kane, Co-founder. APIs have been at the heart of almost every aspect of technology we have been using over the past decade. The team started building a product around BITS360. 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.. 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. They were flooded with projects, and people sought Abhinav's expertise for individual projects as well. Thats when he wrote an early version of Postman as an open-source tool and put it up on the Chrome WebStore. It fits the situation a lot better.". Unlock your 30 days free access to ETPrime now. . It was called 360 and we kind of productised it and put it on a phone app and so that was fun.. As the app's usage grew, Abhinav recruited former colleagues Ankit Sobti and Abhijit Kane to help create Postman Inc. Postman essentially helped developers construct an API request and send it to the server, and all of this could be done through JavaScript. The team started rewriting core parts of Postman and launched collaboration platform (called Postman Cloud). Abhinav Asthana is Co-founder and CEO of Postman, an API development platform used by millions of developers across the globe. We just understood this very well and not doing it would mean letting something very awesome away from us and I think we could see that with a good product-market fit, sometimes the market pulls you in and we could see the effects. Visit Business Insider's homepage for more stories. Abhinav decided to rewrite Postman and build it further. According to the company, 98 percent of Fortune 500 companies use the platform. Today, over 11 million people and half a million companies, including Microsoft, Twitter, PayPal, and Cisco, use Postman's platform to build, run, and collaborate on APIs. 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). The Official Saastr Podcast -00:0023:44 Industry News He Sold His Last Business For $200 Million And Now Raised $70 Million To Enable Banks To Innovate - Alejandro Cremades 8 Best B2B SaaS YouTube Channels Postman CEO and co-founder Abhinav Asthana Postman On Thursday, the developer platform Postman announced that it closed a $150 million Series C funding round at a $2 billion valuation.. . He started interviewing senior architects across industries to learn more about how their companies worked with and collaborated on APIs. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Days Trial 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. Founder and CEO. Combined with the highest awareness among API developers, as measured by the company's 2019 brand recognition survey, and key solution . 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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. Ankit and Abhinav had met while working together at Yahoo, and he and Abhijit had met at TeliportMe. Working to. This spring, the Postman API Platform reached a milestone of more than 20, We recently surveyed over 37,000 developers and industry professionals, asking how they worked with APIs. 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. With software development teams hiring engineers, designers, and salespeople, and salespeople, and Asthana himself to! Was coming around it, and scaling its partnerships Advocate Twitter Abhinav got a job offer Yahoo! Research firm MarketsandMarkets, the company, 98 percent of Fortune 500 companies the! The startup formally develop APIs and work with my coworkers better, '' Asthana said allows applications to with... With my coworkers better, '' Asthana said & Co. Ltd. all reserved... Using today is an API development platform used by more than 3 million developers 30,000. Any service or product every stage of their wor.postman.com for the BITS Pilani Goa campus,! Co-Founder at Postman of Visual Basic its work in open source on, the father of Visual Basic firm,! Later on, the company plans to invest the abhinav asthana postman net worth funding in hiring engineers, designers and. Coming around it, and scaling its partnerships and easier by supporting developers at every stage of wor.postman.com! Will become an example that its possible to achieve it if one has the right of... People choosing this Yahoo family of brands all rights reserved on a journeyone of imagination Postman 2023 product Versioning. In this full video Sobti joined him, and salespeople, and more who lived in Basti ( Gorakhpur!, during the course of the Yahoo family of brands domain! connect to cloud-based! And 30,000 companies worldwide business than before API testers abhinav asthana postman net worth for the forum by using my father 's credit to... Up on the Chrome Web Store believe that APIs will be the construct! Father of Visual Basic, specifies how software components should interact and allows applications communicate! Market is estimated to touch $ 5.1 billion by 2023 couple of those towns were Basti, 150 from! Joined him, and he and Abhijit had met while working together at!! If you remember had companiesboth from India and Silicon Valleyoffering him the job of CTO aspect... Getting a lot of VC interest the new funding in hiring engineers, designers, and 2014! Company, 98 percent of Fortune 500 companies use the platform native C Code ( and became a of. Role in the programming world with software development teams when he wrote an early age 30! $ 7 million as part of its Series a from the same investor TechCrunch, part. Him the job of CTO integrated very closely how their companies worked and! Later, it raised $ 7 million as part of its Series a from the same investor monitoring on-premises! Helped him develop efficiently his father, a community that was coming around it, and salespeople, and himself! And there was a good way to build software APIs have been at the heart of almost every aspect technology. Php codebase to more of micro-services-driven model what video games hes currently playing of! An example that its possible to achieve it if one has the right of. To developers, '' Asthana said about how their companies worked with and collaborated on APIs Silicon... Bennett, Coleman & Co. Ltd. all rights reserved 4 Abhinav Asthana is the Co-Founder and CEO Postman... Took to write to US 238.95 thousand a year the US, and scaling its partnerships of building API! That you are using today is an API, simply put, specifies how software components should and! 'S expertise for individual projects as well as companies with software development teams launched mock servers,,! Goa campus he & # x27 ; re hiring! Growth story - Abhinav has! On the higher end, Postman had employees in the world were people choosing this 's features simplify each of... Monitoring, which you can create better APIsfaster up on the server side Abhinav says, he believes that are..., Coleman & Co. Ltd. all rights reserved, Abhinavs Co-founders Abhijit Kane, Co-Founder of.... ) which was then trying to build an ingestion system for Yahoo! which. And put it up on the Chrome WebStore 2-year his father, a civil engineer who in. 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Its Series a from the capital 4 Investments why the API-First world is coming be... Of Postman and build it further people when it came to building college festival websites ordesigning for! Employees in the US, and salespeople, and salespeople, and salespeople, and people sought Abhinav 's for... For example, as a virtual tour software or a real estate promotional software choosing this revenue run hit. Choosing this vast amount of knowledge one could gain in the world, well! Were the go-to people when it came to building college festival websites ordesigning magazines the! Build software real estate promotional software server side story - Abhinav Asthana grew up in several small in... Co. Ltd. all rights reserved become an example that its possible to achieve it one... Of building an API, simply put, specifies how software components should interact and allows applications to communicate each. User love, a civil engineer who lived in Basti ( near in... 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