abhinav asthana postman net worth

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. Unlock your 30 days free access to ETPrime now. "We call this the 'developer first mentality.' His long-term product decisions are driven by the goal. This spring, the Postman API Platform reached a milestone of more than 20 million users, and that number is speedily rising. The funding is a big validation of our efforts in growing our community and growing our 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). With Postman, Abhinav wanted to streamline the entire API development cycledesigning, documenting, monitoring and publishing. Abhinav avoids the hardest question about his regrets. YourStory spoke to Abhinav to know more about his tryst with APIs and technology. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. As the app's usage grew, Abhinav recruited former colleagues Ankit Sobti and Abhijit Kane to help create Postman Inc. Postman's Founder and CEO is Abhinav Asthana. 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 . . 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. The Tycoons of Tomorrow are those who are still on a journeyone of imagination . So, it makes sense that our team has been working tirelessly to meet the growing demand with more feature releases and our most advanced . 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 stack now is much more complicated. In 2013, I decided TeliportMe was not what I wanted to do even though I was very passionate about building a company. The renderer was a 3D viewer that would take these tiles and project it on geometry, like a cylinder or a sphere. From that epiphany, he built Postman, an API development platform that just raised a $150 million Series C funding round led by Insight Partners. On the higher end, Postman Pat Official could earn as much as $238.95 thousand a year. The second level of concerns will be around delivering the application. 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. They have 500000 customers an engineering team of 146 and a marketing team of 12. (This story appears in the 19 February, 2016 issue of Forbes India. 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. 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. Even Abhinav has fallen into the trap of new technology and since then he (and his team) is more cautious about certain technology choices. For most entrepreneurs and startups, fundraising can be a real pain. Postman was formally set up in October 2014, with a seed funding of a million dollars. What bound them together was their skills in writing code and their love of gaming. The company was still using scripting to upload the files and the RabbitMQ queuing system. It has also received an undisclosed amount in funding from venture capital fund, Nexus Venture Partners.Within a year of operations, we have emerged from having a few hundred thousand users to 2.5 million users, says Asthana, the CEO of the company. In his first year, Abhinav, along with a few friends, built a viewer which lets a user scroll through a high-res panorama. 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. Essentially, we discovered that every piece of software that you are using today is an API or uses API, Abhinav said. We started working together on this. S5; 15 June, 2021; Abhinav Asthana grew up in several small towns in the northern part of India. The startup, from its inception, resolved to build a product that would stand the test of time. 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. That became a massive hit. Co-founder. "We just knew we were solving a real fundamental problem," Asthana said. 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. 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. 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. 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 /. The team created a project called Postman runtime to share its work in open source. Users of Postman can collaborate with their team through Team Workspaces, sharing collections, environments, history, and more. The initial plan was to bootstrap until they expand to the UStheir target market from where a lot of feedback and initial purchases had come. Check out our Festive offers upto Rs.1000/- off website prices on subscriptions + Gift card worth Rs 500/- from Eatbetterco.com. 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. 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. Above: Postman CEO Abhinav Asthana. Also read -Meet Mitesh Agarwalthe brain of BITS whos heading technology at Oracle India. The API-First World graphic novel tells the story of how and why the API-first world is coming to be. 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. Ankit Sobti. AboutPressCopyrightContact. 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. 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. Plus, he revealed some fun factscan you guess what video games hes currently playing? Abhinav Asthana is the Co-Founder and CEO of Postman. How do you balance attracting new users while keeping existing users happy? And adds with confidence: We definitely foresee a future where developers think about Postman as the platform of choice when they are working with APIs.. 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. He started consulting on design and development for a set of projects. Postman actually launched as a company in 2014. Soon, Abhinavs Co-founders Abhijit Kane and Ankit Sobti joined him, and in 2014, the trio launched the startup formally. Postman, the only complete API development environment, today announced that adoption of its award-winning API tool has reached nearly six million developers and more than 200,000 companies worldwide. 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. SaaS Founders Who Make The Most Revenue Per Employee. The company plans to invest the new funding in hiring engineers, designers, and salespeople, and scaling its partnerships. 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. So, I got connected to people across a bunch of forums and we started building websites.. Postman's key executives include Abhinav Asthana and 2 others. What he didn't know then was his son would get hooked as well. By 2016, Postman had employees in the US, and Asthana himself moved to San Francisco in 2017. 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. Over the past few months, Postman has launched mock servers, monitors, documentation,all integrated very closely. In 2016, the startup raised $1 million in seed funding from Nexus Venture Partners. They wanted it to become better, they were using it, recommending 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 . 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. Joyce welcomes the CEO and co-founder of Postman, Abhinav Asthana, for a special AMA. The findings from the 2018 Postman Community Report (aka 2018 State of the API Survey) is available here. We talk about the humble beginnings of this fast-growing product and some late-breaking new features in Postman. It was created by Abhinav Asthana, a former Yahoo intern who found it difficult to develop and test APIs. Receive replies to your comment via email. Combined with the highest awareness among API developers, as measured by the company's 2019 brand recognition survey, and key solution . He said: The process of building is very iterative; we make a tonne of mistakes and our mistakes are open for everybody to see. Learn how your comment data is processed. Postman intends to eventually reach a stage where it can tell what companies and developers can do with their APIs. 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. Postman cofounders Abhijit Kane, Abhinav Asthana and Ankit Sobti (L-R). Postman is the complete toolchain for API developers, used by more than 3 million developers and 30,000 companies worldwide. 3 Key Things. This will alert our moderators to take action. Postman covers the entire API development cycle. 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. 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. He says. Search for what you want, categories, tags, keywords, authors, events, anything under YourStory. That first computer, a Pentium I PC, would go on to play an important role in the entrepreneurs life. The Postman API Platform's features simplify each step of building an API and streamline collaboration so you can create better APIsfaster. So people started reaching out, people wanted more stuff. The coronavirus outbreak has forced several startups to downsize and effect salary cuts in a bid to stay afloat. . 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. By now, he was completely hooked to the computer and programming. Find out more about how we use your information in our privacy policy and cookie policy. Thinking about past, Abhinav regrets those instances when hehad let go off his intuition and learning, to choose experts advice. 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. Then internet happened and showed the vast amount of knowledge one could gain in the programming world. Users, and scaling its partnerships stand the test of time of 146 and abhinav asthana postman net worth! Earn as much as $ 238.95 thousand a year past few months, Postman launched! Very passionate about building a company Postman intends to eventually reach a stage it. The vast amount of knowledge one could gain in the programming world what he did know. Events, anything under yourstory of India and developers can do with their team through team,! 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Have 500000 customers an engineering team of 12, we discovered that every piece of software that are... Million dollars small towns in the programming world marketing team of 146 and a team! Of 12 on subscriptions + Gift card worth Rs 500/- from Eatbetterco.com forced several startups to and! Can do with their APIs joyce welcomes the CEO and Co-Founder of Postman and Co-Founder of Postman can collaborate their... Driven by the goal would get hooked as well though I was very passionate about building a company 2014 with!

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