India: Postman raises $7m Series A funding from Nexus Venture Partners

visual from the company website

Bengaluru- and Austin-based startup Postman, a platform that helps developers build, test, document, and share their APIs at a faster pace, has raised $7 million from Nexus Venture Partners.

The latest round marks the second round of funding for the company after it had raised $1 million from Nexus Venture Partners last year. The earlier round of funding was  used to build a stronger collaboration platform. The company plans to use the funds to strengthen the product, focus on the US operations, and hire across the board.

“Every developer in the world will benefit from using Postman,” said Jishnu Bhattacharjee, Managing Director of Nexus Venture Partners and Postman board member. “Postman is at the very center of the industry of connected software and poised for huge growth.”

Founded in 2012 by Abhinav Asthana, Ankit Sobti and Abhijit Kane the startup claims counts Cisco, Netflix, Microsoft, Sony, Paypal as its customers.

Postman was incorporated in 2014 and now had offices in across Bangalore, Austin, and San Francisco. It claims to have over 3 million active installations and more than 1.5 million active monthly users at 30,000 companies.

Nexus Venture Partners is an early-stage investor with investment size ranging from $500,000 to $10 million in early-growth stage companies in the US and India. It has invested in over 70 companies so far including Snapdeal, Runnr, Craftsvilla, Housing and Dhruva.

Recently it participated in a follow-on investment in data protection firm Druva Inc, which raises $51 million in a round led by its existing investor Sequoia Capital India and new investor EDBI.

It also was part in a $9 million funding round by artificial intelligence-powered personal shopping assistant start-up Mezi, where it is an existing investor.

Also Read:

India: AI-powered startup Mezi raises $9m from Nexus, Saama Capital, others

Tech startup Druva lands $51m from Sequoia India, Singapore’s EDBI, others

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.