Postman, the most-valuable Indian SaaS unicorn at $5.6 billion, sees growth coming in from traditional sectors such as banking, retail, ad-tech, and automotive industries even as the tech sector looks at mass layoffs and cost cuts, the company's chief executive Abhinav Asthana told us in an interview. 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). - Favorite book? Abhinav explains. What he didn't know then was his son would get hooked as well. The coronavirus outbreak has forced several startups to downsize and effect salary cuts in a bid to stay afloat. Related read -Meet Kiran Bhatthe man who engineered Hulk and Tarkin to win 2017 sci-tech Oscar. During a recent conversation with YourStory Founder and CEO Shradha Sharma, Abhinav fondly reminisced, We got our first computer when I was in Class 5. The tool got a few thousand users organically who gave feedback as well. 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 Asthana, Ankit Sobti and Abhijit Kane were not fast friends when they decided to start Postman. Postman was formally set up in October 2014, with a seed funding of a million dollars. That was the motivation for him to start Teliportme initially. With this idea they raised $400,000 in seed funding and called their company Teliportme. I hosted the forum by using my father's credit card to buy the server space and domain!. 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. Postman recently set up operations in Austin and San Francisco in the United States, a key developer market. 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. Abhinav Asthana Forbes Councils Member | COUNCIL POST | Membership (fee-based) ABOUT CEO & Co-Founder of Postman, the complete API development environment. Stay up to date with what you want to know. What is your vision for Postman as a tool for API testers? . Click Manage settings for more information and to manage your choices. Our website, as you may have guessed, is at postman.com..Postman is the only complete API development environment, for API developers, used by more than 5 million developers and 100,000 companies worldwide. Combined with the highest awareness among API developers, as measured by the company's 2019 brand recognition survey, and key solution . Your email address will not be published. Founder and CTO. To visit our Archives, click here. The most valued Indian SaaS startup at $5.6 billion . The startup, from its inception, resolved to build a product that would stand the test of time. Indias fastest-growing blockchain unicorn and a USD1.5 billion question. 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. His long-term product decisions are driven by the goal. We have shipped hundreds of improvements. But they werent satisfied with all this. In 2013, I decided TeliportMe was not what I wanted to do even though I was very passionate about building a company. Then internet happened and showed the vast amount of knowledge one could gain in the programming world. In June last year, it raised $50 million as a part of its Series B round, led by CRV and from existing investor Nexus. The Postman API Platform's features simplify each step of building an API and streamline collaboration so you can create better APIsfaster. Ankit and Abhinav had met while working together at Yahoo, and he and Abhijit had met at TeliportMe. 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. 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 . The duo, with Abhijit Kane (third co-founder), started building the next version of Postman. He started consulting on design and development for a set of projects. His family moved to Lucknow and for a year, he paused all his projects. 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. "We're intent on listening to developers," Asthana said. to build a good, quality product from India. The API-First World graphic novel tells the story of how and why the API-first world is coming to be. The company has built a real-time collaborative system usingweb sockets as communication protocol (using SalesJS as a framework). 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. Postman essentially helped developers construct an API request and send it to the server, and all of this could be done through JavaScript. You can change your choices at any time by visiting your privacy controls. 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. S5; 15 June, 2021; Abhinav Asthana grew up in several small towns in the northern part of India. The duo couldn't come to a consensus and Abhinav decided to move on to try new things. We, TechCrunch, are part of the Yahoo family of brands. 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. Search for what you want, categories, tags, keywords, authors, events, anything under YourStory. Legacy enterprises didn't listen the way we did when it comes to APIs.". 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. 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. 2-Year Postman intends to eventually reach a stage where it can tell what companies and developers can do with their APIs. But they started getting a lot of VC interest. 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 is a system for API collaboration. 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. Even Abhinav has fallen into the trap of new technology and since then he (and his team) is more cautious about certain technology choices. "That's what we've been doing for the past few years. In an exclusive video interview to M Sriram, Postman co-founder and CEO Abhinav Asthana says the coronavirus outbreak saw the company's number pick up across the world, with application programme . He explains. Sign up for notifications from Insider! In his second year of college, Abhinav and three of his friends formed GrayScale to make money from building websites and applications. . Find Abhinav Asthana's articles, email address, contact information, Twitter and more. Initially available for free, Postman also launched a cloud-based paid platform last December; 300 companies are now registered on this.The venture has a 17-member team (including its co-founders) of which 12 are in core development. Other executives include Ankit Sobti, Founder and CTO; Abhijit Kane, Co-founder. However, he was committed to start up. It became a key part of their workflow.. 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! They were flooded with projects, and people sought Abhinav's expertise for individual projects as well. On reaching the campus, he signed up for the forum. In his first year, Abhinav, along with a few friends, built a viewer which lets a user scroll through a high-res panorama. 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 /. Receive replies to your comment via email. View all posts by Joyce. (This story appears in the 19 February, 2016 issue of Forbes India. Smartphones were becoming popular then, so they teamported the entire thing onto the smartphone. 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. Pay up abroad, but play around in India. Existing investors CRV and Nexus Venture Partners also participated in the round. For example, as a virtual tour software or a real estate promotional software. 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. A year later, it raised $7 million as part of its Series A from the same investor. By 2016, Postman had employees in the US, and Asthana himself moved to San Francisco in 2017. About. This will alert our moderators to take action. It was so easy to test APIs which support POST requests only. 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. 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.. . And basically, my dad told me if I am going to game on it all the time, he is not going to allow that. Visit Business Insider's homepage for more stories. Coder, thinker, writer. Interestingly enough, Postman never went to investors; instead, they came calling. The great melting and eventual sinking: Have we reached the point of no return? Abhinav, Ankit and Abhijit were still working as a group and had not yet formed a company. 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. 3 Key Things. The stack now is much more complicated. 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. Abhinav Asthana api platform cloud computing developers Insight Partners Jeff Horing postman Transportation South African car subscription service Planet42 raises $100M equity, debt Tage. [16] In October 2014 Asthana, Ankit Sobti and Abhijit Kane co-founded Postman in Bangalore, India. In 2022, Postman revenue run rate hit$102.7M in revenue. The team created a project called Postman runtime to share its work in open source. Personal Investments Number of Investments 4 Abhinav Asthana has made 4 investments. In this article, I share my interview with Abhinav Asthana, the CEO and creator of Postman, a wildly popular API development, documentation, and testing product. Contact via Linkedin Contact via email Q&A What`s your age? 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. Postman alllows developers to create and . Thats when he wrote an early version of Postman as an open-source tool and put it up on the Chrome WebStore. The Postman community tuned in to the stream to ask their own wide-ranging questions, and Abhinav shared about the companys early beginnings and his upcoming vision for the Postman API platform. Soon, Abhinav's interest turned towards building websites, and he taught himselfHTML, CSS, Flash, PHP during Class 7th and 8th. 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. Abhinav Asthana is the Co-Founder and CEO of Postman. 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. Learn how your comment data is processed. That became the product I did in the first startup (TeliportMe). Abhinav decided to rewrite Postman and build it further. 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. 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. "This is where people learn to use APIs for the first time and build APIs for the first time.". He says, We were two of us in Lakhimpur, one guy each in the UK, the US and New Zealand.. Postman's key executives include Abhinav Asthana and 2 others. Its been a momentous year in the Postman universe. He bought one and taught himself how to programme on mainframe. Days Trial Asthana started Postman as a side project in 2012 while also acting as founder and CTO of photography startup TeliportMe. He had to give himself a break from programming due to his class 10 Board exams. 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. Suhem Parack Sr. 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. He was the CTO of photo app TeliportMe. Developer Advocate Twitter 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. Abhinav avoids the hardest question about his regrets. Later, he joined the Centre for Software Development in the college well. 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 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. . APIs have been at the heart of almost every aspect of technology we have been using over the past decade. Abhinav is an experienced developer and entrepreneur. These were perhaps early signs that Abhinav was always meant to be an entrepreneur. Abhinav says, Companies are also part of the problem because they filter resumes based on keywords and buzzwords.. It was the first Pentium I PC. At Postman, we believe the future will be built with APIs. 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. Other types of secure messaging available upon request. 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. "We call this the 'developer first mentality.' He was the CTO of photo app TeliportMe. Abhinav Asthana. PLAN. Ankit Sobti. 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.. 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