Nexus Venture Partners invests USD 7 Million in Bengaluru based API deployment platform, Postman
Bangalore headquartered startup Postman, which allows developers to build, test and share APIs, has raised USD 7 Million in its Series A round of funding from Nexus Venture Partners. Prior to this, last year, in May, the startup had raised USD 1 Million from Nexus Venture Partners, to build a stronger collaboration platform. The company plans to use the latest funding to strengthen the product, focus on the US operations, and hire across the board.
The company was founded by Abhinav Asthana, Ankit Sobti, and Abhijit Kane as a side project in 2012. It provides free apps for Chrome, Mac, and Windows to build APIs. For cloud-based API access. It has both payment as well as an enterprise option. The company was formally launched in November last year. Currently, over three million developers use their platform and there are 1.5 million active monthly users across over 30,000 companies. The startup has a 15-member team across Bangalore, Austin and San Francisco.
Abhinav Asthana, CEO and co-founder of Postman, said in a statement:
“We created Postman to address issues that I confronted personally as a developer, and our overwhelming market acceptance shows that this was a critical need. The need for Postman in an API developer’s workflow will only grow as this market expands. Postman’s apps are downloaded more than 10,000 times every day. Our tool is for developers, by developers, and our goal is to make the API workflow better for everyone.”
Jishnu Bhattacharjee, Managing Director of Nexus Venture Partners and Postman board member, also said on the development:
“Every developer in the world will benefit from using Postman. Postman is at the very center of the industry of connected software and poised for huge growth.”
Postman helps developers run, test, document and share APIs quickly, easily and accurately. It provides users with a more effective tools for their API development. It counts Microsoft, BBC, CISCO, Ebay, FreshDesk, Verizon among its big client names.