Each startup goals to attain the coveted billion-dollar valuation for itself. It’s fairly troublesome to enter the membership however over the previous few years, numerous Indian startups have been profitable in doing so. These embrace Freshwork and Druva. The newest Indian software program startup to perform this milestone is a agency often called Postman.
A fast overview
Headed by CEO and co-founder Abhinav Asthana alongside co-founders Ankit Sobti and Abhijit Kane, Postman that began its journey in Bengaluru, has not solely turn out to be India’s newest to hitch the unicorn membership however has additionally performed so in simply six years, which is the quickest for any agency within the nation.
Postman now operates from its headquarters in San Francisco, California, and its valuation is ready at $2 billion. Aside from this good achievement, many individuals are unaware of what precisely the software program firm has got down to do. Learn this to have all of your questions concerning the firm answered
What precisely is Postman’s objective?
Based in 2014, Postman’s primary objective is to assist coders take a look at run their software programme interface (APIs) and subsequently modify them with out having to create separate code for testing them. It supplies an intuitive person interface that helps coders by offering them with an surroundings the place they’ll do all the things from designing and debugging their APIs to monitoring and publishing them.
What’s API and why is it so essential?
As we talked about, more and more, software program is being developed to facilitate interplay with different softwares. APIs assist these softwares talk. For example, once you use e-commerce companies, first, you’ll undergo completely different merchandise and purchase one. You’ll be redirected to a paying portal. As soon as that’s performed, you’ll observe the order on the platform. These three distinct actions could appear to be they’re part of the identical software program, however they’re really a number of softwares interacting with the assistance of API.
Postman’s work with APIs is revolutionary
As we head deeper into the cloud-computing age, the importance of API will increase at a fast tempo. Interplay between completely different apps and softwares has turn out to be important.
Postman helps in simplifying all the course of for a coder by offering them with a platform that gives them with instruments to finish the entire course of at a single place. It helps in constructing highly effective APIs that may talk with different apps even when they’ve been coded in various languages.
How did Postman attain the $2 billion valuation level?
Simply after Postman’s inception in 2014, Nexus Enterprise Companions, a US-based agency, noticed the worth in it and have become its first investor. Subsequent, it managed to boost $50 million within the Collection B in 2019 and has managed to boost $150 million in collection C.
The $2 billion valuation was thought to have been a bit steep to many, however for the founders, the determine was primarily based on the significance of highly effective APIs in a post-coronavirus world and the traders appeared to have agreed with them.
In startup valuations, traders usually worth sooner or later worth of a product. Postman’s valuation additionally must be seen within the context of a post-coronavirus world, the place there’s a huge shift to all issues digital.