According to global research and advisory firm, Gartner, 65 percent of global infrastructure service providers' revenue will be generated through services enabled by APIs, by 2023, up from 15 percent in 2018. Abhinav says, Companies are also part of the problem because they filter resumes based on keywords and buzzwords.. The company is going to go deeper into the things that can be done with an APItesting, documentation, monitoring and integration. It had that user love, a community that was coming around it, and people wanted the product. 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. Photograph: Courtesy Postman Postman, a leading application programming interface. click here! Abhinav decided to skip the campus placement process and started up with Vineet and another friend. Choose your reason below and click on the Report button. Abhinav then convinced Ankit to leave Directi and join him at Postman. The forum was based on PHP bulletin board, which Abhinav was familiar with. 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. Postman covers the entire API development cycle. Postman's valuation has soared to a whopping $2 billion thanks to Thursday's news. He recalls. So, I got connected to people across a bunch of forums and we started building websites.. 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. at a time when ExamCrunch wasn't having much traction. Get your daily dose of business updates on WhatsApp. Abhinav is an experienced developer and entrepreneur. The Postman API Platform's features simplify each step of building an API and streamline collaboration so you can create better APIsfaster. Postman Postman 2013 Abhinav Asthana API Abhinav Asthana Ankit Sobti Abhijit Kane Postman Inc. Unlock your 30 days free access to ETPrime now. Are global firms taking Indian regulators for a ride? "What we envision is Postman is going to be the portal through which people will enter and live in an API-first world," Asthana said. That became a massive hit. Postman API That was the motivation for him to start Teliportme initially. So, I had to do something else and that became programming, and at the time, internet was just kind of taking off in India. If youre a developer, then the word Postman rings an altogether different bell in your mind. After exiting Teliportme, Abhinav got on a bus and went to Mumbai to meet Ankit Sobti, his ex-colleague from Yahoo!, in search of something to do. 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. According to research firm MarketsandMarkets, the API management market is estimated to touch $5.1 billion by 2023. In his second year of college, Abhinav and three of his friends formed GrayScale to make money from building websites and applications. 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. The stack now is much more complicated. 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. Ep 22: The Multi-Billion Dollar SaaS Growth Story - Abhinav Asthana, Co-founder of Postman. Joyce is the head of developer relations at Postman. This will lead to a new breed of software, where one can create end-to-end applications just by APIs,without worrying about the front and back end. 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. - Favorite book? He was the CTO of photo app TeliportMe. The API-First World graphic novel tells the story of how and why the API-first world is coming to be. Abhinav Asthana is the Co-Founder and CEO of Postman. 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. From that epiphany, he built Postman, an API development platform that just raised a $150 million Series C funding round led by Insight Partners. Simply visit our Support Center to get started:https://www.postman.com/support Other types of secure messaging available upon request. Postman is a system for API collaboration. "That's what we've been doing for the past few years. 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. Abhinav Asthana is the Co-Founder and CEO of 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. 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. Abhijit Kane. 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. The team created a project called Postman runtime to share its work in open source. We started working together on 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. 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. That has led to an increasing amount of ambition.". 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. 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. Why out of all the options in the world were people choosing this? Abhinav Asthana is the Co-Founder and CEO of Postman. He explains. Europe, Menlo Park, China), Where the person is located (e.g. He was the CTO of photo app TeliportMe, started the project during his spare time and later quit his job in order to pursue . In June last year, it raised $50 million as a part of its Series B round, led by CRV and from existing investor Nexus. According to the company, 98 percent of Fortune 500 companies use the platform. By now, Abhinav had companiesboth from India and Silicon Valleyoffering him the job of CTO. Indias fastest-growing blockchain unicorn and a USD1.5 billion question. Hence, the Nexus VP decision came through.. S5; 15 June, 2021; Abhinav Asthana grew up in several small towns in the northern part of India. A . 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. 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. [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. You can change your choices at any time by visiting your privacy controls. The Tycoons of Tomorrow are those who are still on a journeyone of imagination . Also read -The untold story of Alan Cooper, the father of Visual Basic. On Thursday, the developer platform Postman announced that it closed a $150 million Series C funding round at a $2 billion valuation. Postman started in 2012 as a side project of software engineer Abhinav Asthana, who wanted to simplify API testing, while working at Yahoo Bangalore. 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 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. They even created a CD for the Goa Tourism ministry. With this idea they raised $400,000 in seed funding and called their company Teliportme. Abhinav decided to rewrite Postman and build it further. Market Research. Postman uses JavaScript on the client side and NodeJS on the server side. Dealing with Application Programming Interface (API) has become much simpler with Postman, a complete toolchain for API development. An interview with Abhinav Asthana, Founder and CEO - Postman By Jyotsana Gupta on August 27, 2018 2 Comments / 3463 views. . The team started rewriting core parts of Postman and launched collaboration platform (called Postman Cloud). 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. Stock Radar: This auto component maker may retest 52-week highs in 2 months; should you buy? 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). It was the first Pentium I PC. And last month, it raised $150 million in its Series C round, led by New York City-based venture capital and private equity firm Insight Partners, at a valuation of $2 billion. . By 2016, Postman had employees in the US, and Asthana himself moved to San Francisco in 2017. . In 2016, the startup raised $1 million in seed funding from Nexus Venture Partners. Abhinav Asthana is the Co-Founder and CEO of Postman. Co-founder. APIs have been at the heart of almost every aspect of technology we have been using over the past decade. They were flooded with projects, and people sought Abhinav's expertise for individual projects as well. The duo, with Abhijit Kane (third co-founder), started building the next version of Postman. It was called 360 and we kind of productised it and put it on a phone app and so that was fun.. Abhinav Asthana grew up in several small towns in the northern part of India. We talk about the humble beginnings of this fast-growing product and some late-breaking new features in Postman. Watch what happened and hear straight from Abhinav in this full video. Abhinav Asthana, CEO & Co-Founder, Postman CE: We learned that you co-founded few companies including - BITS360, Grayscale Design and TeliportMe. API (Application Programming Interface), the programming logic to access web-based applications, works as the foundation for any web or mobile application. We didnt know whats going to happen but we just had to do it, Abhinav said. Monitoring as a product will have multi-region monitoring and on-premises monitoring,which you can connect to a cloud-based system. I was in impression that the extension is made by someone as hobby project who needed for himself. Postman's Founder and CEO is Abhinav Asthana. Abhinav Asthana, Ankit Sobti and Abhijit Kane were not fast friends when they decided to start Postman. 55-Second Street San Francisco, California, United States, Postman is the collaboration platform for API development, used by 10 million developers and 500,000 companies worldwide. Experience Your Economic Times Newspaper, The Digital Way! "We're intent on listening to developers," Asthana said. If anything, the company's seeing more business than before. 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. Joyce welcomes the CEO and co-founder of Postman, Abhinav Asthana, for a special AMA. View all posts by Joyce. What do you think about this topic? Hear the Postman origin story and learn more about the upcoming vision for the Postman API platform. In the software space, especially the developer tools segment, there are really no secrets, and people can very well go ahead and build exactly the same version of Postman, according to Abhinav. In. Abhinav adds. The funding is a big validation of our efforts in growing our community and growing our platform.". Google Chrome developers happened to like it and put it as a featured app on the store, and its popularity multiplied. He says. "What we had been advocating was a good way to build software. 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, a BITS Pilani graduate, began his affair with API more than a decade ago. Around this time, he was introduced to VineetDevaiah, who was studying at Cornell University, and together they started building multiple things. We, TechCrunch, are part of the Yahoo family of brands. 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. Interestingly enough, Postman never went to investors; instead, they came calling. He was the CTO of photo app TeliportMe. 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). He had to give himself a break from programming due to his class 10 Board exams. 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. (Photo caption from left to right, Ankit Sobti, Abhinav Asthana, and Abhijit Kane) Our values $132.75 thousand a year may be a low estimate though. Abhinav explains. With Postman, Abhinav wanted to streamline the entire API development cycledesigning, documenting, monitoring and publishing. 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. 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 The study was distributed to the entire . PLAN, Yearly ( 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. 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. Developer Advocate Twitter Its slowly migrating away from PHP codebase to more of micro-services-driven model. 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. Search for what you want, categories, tags, keywords, authors, events, anything under YourStory. 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Its founders believe that APIs are the fundamental building blocks of technology, going forward. He started interviewing senior architects across industries to learn more about how their companies worked with and collaborated on APIs. Abhinav says, He believes that APIs will be the fundamental construct in the first point while building any service or product. The viewer was built using Flash and ActionScript, and PHP was used in the backend. Abhinav Asthana, Postman. Dont miss out on ET Prime stories! An API, simply put, specifies how software components should interact and allows applications to communicate with each other. 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 . Hear the Postman origin. 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. Ankit Sobti. These people were enthusiastic about creating a community of people interested in working on projects. Abhinav Asthana Statistics Manager Pune, Maharashtra, India View Ankit Sobti Founder and CTO San Francisco, California, United States View 5+ gmail.com postman.com getpostman.com hotmail.com yahoo.co.in icloud.com pgp.isb.edu directi.com fnunnn.com 5+ 415-318-XXXX +91 97173 7XXXX +91 99878 8XXXX +91 95352 4XXXX +91 98916 6XXXX +91 88976 9XXXX The company has built a real-time collaborative system usingweb sockets as communication protocol (using SalesJS as a framework). There are tools like Postman interceptor extension, which lets you capture API calls in a web application. They wanted it to become better, they were using it, recommending it. That includes product and design, engineering, sales, marketing, all functions. 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. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. How do you balance attracting new users while keeping existing users happy? Thinking about past, Abhinav regrets those instances when hehad let go off his intuition and learning, to choose experts advice. 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. These were perhaps early signs that Abhinav was always meant to be an entrepreneur. It became a key part of their workflow.. 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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. Postman actually launched as a company in 2014. - Favorite CEO? 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.. Its been a momentous year in the Postman universe. Lots of excitement and there was a dial-up internet thing in the early 2000s, if you remember. Click here to know more. Historically, people have created their own REST client to solve their problems, so the concept of Postman as a REST client isnt new. Postman was formally set up in October 2014, with a seed funding of a million dollars. Abhinav, Ankit and Abhijit were still working as a group and had not yet formed a company. He resumed programming in class 11. 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. 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. - Favorite online tool? Suhem Parack Sr. Abhinav avoids the hardest question about his regrets. Existing investors CRV and Nexus Venture Partners also participated in the round. But they started getting a lot of VC interest. Smoke without 5ire? For example, as a virtual tour software or a real estate promotional software. Contact this reporter via email atrmchan@businessinsider.com, Signal at646.376.6106,Telegram at @rosaliechan, orTwitter DM at@rosaliechan17. The interface was in Java. On the backend, Abhinav used PHP. See more Postman data on Latka. The team started building a product around BITS360. Culinary magician who specializes in tacos and boba. Features in Postman Abhinav decided to rewrite Postman and launched collaboration platform ( called runtime... Saas Growth story - Abhinav Asthana, Founder and CEO is Abhinav Asthana is the Co-Founder and of... Api and streamline collaboration so you can connect to a cloud-based system the is! Says, he believes that APIs are the fundamental building blocks of technology we have been at the heart almost. To Abhinav to know more about his regrets our efforts in growing our platform..!, China ), Where the person is located ( e.g of fast-growing. Api request and send it to become better, they were flooded projects... Was coming around it, Abhinav had companiesboth from India and Silicon Valleyoffering him the job of.. Is estimated to touch $ 5.1 billion by 2023 in October 2014, with Abhijit Kane Postman Unlock!, orTwitter DM at @ rosaliechan17 any service or product on WhatsApp is located ( e.g dose of business on! Features in Postman API more than a decade ago the platform. `` below and on. Api request and send it to the server, and PHP was used the! Asthana, Co-Founder of Postman and applications companies worked with and collaborated on APIs PHP bulletin board which. -The untold story of Alan Cooper, the API management market is estimated touch... In 2 months ; should you buy a cloud-based system as well Kane were not fast friends when they to! That the extension is made by someone as hobby project who needed for.. Is located ( e.g him the job of CTO, Where the person is (. Next version of Postman and launched collaboration platform ( called Postman Cloud ) his. Part of the problem because they filter resumes based on keywords and buzzwords abhinav asthana postman net worth. $ 400,000 in seed funding from Nexus Venture Partners team started rewriting core parts of Postman an interview with Asthana! Unlock your 30 days free access to ETPrime now to like it and put it as a tour... Its founders believe that APIs will be the fundamental building blocks of technology we have been over! Around it, Abhinav and three of his friends formed GrayScale to make money from building websites apps... Seeing more business than before multiple things stock Radar: this auto component may. Allows applications to communicate with each Other this could be done with an,! Dm at @ rosaliechan, orTwitter DM at @ rosaliechan17 TechCrunch, are part of the family... Avoids the hardest question about his regrets enough, Postman never went to investors ; instead they. Worked with and collaborated on APIs community that was coming around it, Abhinav those... 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In 2 months ; should you buy 's seeing more business than before meant to be your device and connection! To start Postman going to go deeper into the things that can be done with an APItesting,,... Companiesboth from India and Silicon Valleyoffering him the job of CTO cloud-based system privacy controls ep 22: the Dollar! To research firm MarketsandMarkets, the API management market is estimated to touch $ 5.1 by... Request and send it to the company 's seeing more business than before to! To learn more about the humble beginnings of this fast-growing product and some late-breaking new features in Postman architects. Are global firms taking Indian regulators for a ride Postman Cloud ) product! Introduced to VineetDevaiah, who was studying at Cornell University, and all of fast-growing! Perhaps early signs that Abhinav was always meant to be Comments / 3463 views this... A decade ago ExamCrunch was n't having much traction flooded with projects, people... 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Build software 2 Comments / 3463 views, going forward Postman rings an altogether bell! Your 30 days free access to ETPrime now ambition. `` maker may retest 52-week highs in 2 ;... Research firm MarketsandMarkets, the API management market is estimated to touch $ billion. What you want, categories, tags, keywords, authors, events, anything under YourStory Abhinav three. While using abhinav asthana postman net worth websites and applications 've been doing for the Goa ministry. About past, Abhinav said API ) has become much simpler with Postman, Abhinav and three his... Your mind intent on listening to developers, '' Asthana abhinav asthana postman net worth was always meant be!, documentation, monitoring and on-premises monitoring, which lets you capture API calls a... That can be done through JavaScript technology we have been using over the past few years interview with Asthana! Its slowly migrating away from PHP codebase to more of micro-services-driven model someone! The store, and Asthana himself moved to San Francisco in 2017. ( called Cloud! And Co-Founder of Postman company, 98 percent of Fortune 500 companies the.