Postman is a SaaS-based (Software as a Service) API (Application programming interface) development firm that has raised $150 million led by Insight Partners at a valuation of $2 billion. CRV and Nexus Venture Partners are existing partners who have also participated in it.
Therefore, it is a high jump in the valuation of company. Last year, it has raised around $350 million at a valuation of $50 billion worth Series B round. In the global markets, the valuation of Postman has increase by 6X times which is a testimony to the rising clout of Indian product companies.
Poster-boys in the local SaaS area are FreshWorks, Eka Software, Zoho, Druva, Icertis. The mentioned companies will be joined by Postman in the coveted list of SaaS unicorns from India.
In fact, Postman has been elevated $207 million in total funding across three institutional rounds with the Series C round. Postman, Bengaluru, and San Fransisco – based firm has 250 staff in its ecosystem and Microsoft, Twitter, PayPal, and DocuSign being its customers.
For building APIs by using a collaboration tool, Postman has assigned 10 million developers across 500,000 organization.
Postman is led by Abhinav Asthana. It has permitted firms to create APIs directly in its ecosystem, maintained a single source of truth along with supports such as API schema, version control, and tagging.
The company charges as per the size of the firms like $8 per user per month for a team of 50 people and $18 per month for larger firms. Asthana stated, “Developers all over the world is rapidly transitioning from the code-first mindset to an API-first mindset with Postman being the center of this revolution.”
Although Postman doesn’t have many rivals, it does battle against API Tester, API Fortress, and Amazon API Gateway.