Tag: API

  • Alchemy: The Powerful Web3 Development Platform

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Alchemy.

    The popularity of Web3 is elevating continuously, and many companies, startups, and DAOs are searching for Web3 developers and blockchain developers. But what if we tell you that companies need not spend a fortune on hiring in-house skilled and experienced WEB3 and blockchain developers?

    Yes, you heard it right! With advanced technological innovations, you can use promising Web3 development platforms. These platforms help developers with blockchain development. And Alchemy is one such globally recognized Web3 development platform.

    A private company, Alchemy, is a blockchain scaling platform. Learn more about Alchemy, its startup story, founders, funding, investors, growth, products, patents, competitors, and more.

    Company Highlights

    Company Name Alchemy
    Headquarters San Francisco, California, United States
    Sector Software Development
    Founders Nikil Viswanathan, Joseph Lau
    Founded In 2017
    Revenue $10.2 B (2022)
    Website Alchemy.com

    Alchemy – About
    Alchemy – Founders and Team
    Alchemy – Startup Story
    Alchemy – Mission and Vision
    Alchemy – Business Model
    Alchemy – Revenue Model
    Alchemy – Products and Services
    Alchemy – Funding and Investors
    Alchemy – Mergers and Acquisitions
    Alchemy – Patents and Trademarks
    Alchemy – Growth
    Alchemy – Partners
    Alchemy – Awards and Achievements
    Alchemy – Competitors
    Alchemy – Future Plan

    Alchemy – About

    Alchemy offers the leading blockchain development platform empowering millions of users across 197 countries globally. With alchemy, companies can develop scalable and reliable decentralized applications without managing blockchain infrastructure in-house.

    Headquartered in the U.S., it has $1.5 billion in royalties to NFT creators with 10+ million end users. Many projects in the space, such as Cryptokitties, Radar Relay, Augur, OpenSea, etc., depend on Alchemy to support their core infrastructure requirements.

    Moreover, Alchemy invested its stakes in 2 leading companies- Soul Wallet and Shield.

    Top 10 Web3 Startups | Leading Web 3 Startups – 2022
    Web 3.0, promises a decentralised, free, and open exchange of digital information. Here is the list of Best 10 Web 3 Startups in 2022.

    Alchemy – Founders and Team

    Nikil Viswanathan and Joseph Lau are the co-founders of Alchemy.

    Nikil Viswanathan

    Nikil Viswanathan completed Bachelor’s and Master’s in Computer Science from Stanford University. Presently, he is working as co-founder and CEO of Alchemy. He was a product manager intern at Facebook, a teaching assistant at Stanford University, and an Engineer at Starnik Systems Inc.

    Nikil Viswanathan - Co-founder and CEO, Alchemy
    Nikil Viswanathan – Co-founder and CEO, Alchemy

    Joseph Lau

    After graduating from Stanford University with B.S. and M.S. in Computer Science, Joseph Lau is the co-founder and CTO of Alchemy. He worked as an associate technology manager intern at Google, a teaching assistant at Stanford University, and a software engineer at Pinterest.

    Joseph Lau - Co-founder and CTO, Alchemy
    Joseph Lau – Co-founder and CTO, Alchemy

    The team consists of engineers from MIT, Google, Stanford, Microsoft, and other startups. Alchemy currently employs over 200 employees.

    Alchemy – Startup Story

    Nikil Viswanathan and Joseph Lau had long ago figured out that software was the optimal way to reach people. But how to create the best impact was an open question. Both believed they found the answer to their question with Down to Lunch (a meet-up app), which was a hit initially, but the success soon halted.

    It was in 2017 that Nikil and Joseph founded Alchemy. They figured out that the blockchain industry is rife with hype and uncertainty. They realized developers struggle to set up blockchain applications and need better tools. Thus, they came up with the idea of Alchemy to impact how the entire world uses money.

    The company was publicly launched in August 2020. Since then, it has launched a venture capital arm- Alchemy Ventures, and an educational resource on blockchain development- Web3 University.

    Alchemy – Mission and Vision

    Alchemy’s vision is to bring blockchain to a billion people. Its primary aim is to provide developers with the fundamental building blocks to create the future of technology.

    Alchemy – Business Model

    Alchemy allows blockchain developers to securely create, test, and monitor decentralized apps (DApps). The platform provides developers with dependable network connectivity and node management endpoints.

    Alchemy simplifies decentralized development and provides remote nodes with features like Nodes. It further allows developers to send real-time push notifications to users for important events based on blockchain activities and their NFT API. Moreover, Alchemy provides several services allowing developers to instantly find, verify, and display NFTs across multiple blockchains.

    Alchemy – Revenue Model

    Alchemy earns revenue by charging for compute units. The company offers three plans- Free, Growth, and Enterprise plan. The ‘Growth’ plan is available for $49/ month, and the ‘Enterprise’ plan can be customized.

    Alchemy – Products and Services

    Alchemy offers a diverse line of products, categorized into APIs, Chains, Alchemy SDK, and Tools. These products include Supernode, NFT API, SDK, Notify, Enhanced APIs, Monitor, Composer, Build, Transact, Spearmint, Transaction Simulation, Easy Mint, Account Abstraction, and more. In addition, Alchemy University enables participants to earn their web3 degree.

    Products offered by Alchemy
    Products offered by Alchemy

    Alchemy – Funding and Investors

    Alchemy has undertaken 5 funding rounds and has raised a total of $563.9 million. It conducted the latest funding round – Series C Round on February 8, 2022, and raised a total of $200 million. The company is backed by 53 top founders, institutions, and execs in the technology industry. The main investors are Pantera, Coatue, a16z, Redpoint, Stanford University, Coinbase, Mayfields, SignalFire, and Lightspeed.

    Date Round Number of Investors Money Raised Lead Investor
    February 8, 2022 Series C 7 $200 million Lightspeed Venture Partners, Silver Lake
    October 28, 2021 Series C 8 $250 million Andreessen Horowitz
    April 28, 2021 Series B 20 $80 million Addition Coatue
    December 17, 2019 Series A 38 $15 million
    April 17, 2019 Venture Round $18.9 million

    Alchemy – Mergers and Acquisitions

    Alchemy acquired 1 company, i.e., ChainShot, on August 25, 2022.

    Alchemy – Patents and Trademarks

    The company has 2 registered trademarks, with ‘Scientific and technological services’ being the most popular class.

    Alchemy: The $3.5 Billion Company Revolutionizing Blockchain | Forbes

    Alchemy – Growth

    With the company’s annual revenue estimated at $25.3 million per year ($125,845 per employee) in February 2022, its current valuation stands at $10.2 billion.

    Alchemy’s employee figure increased by 134%. Moreover, the monthly website visits are over 1,095,000, with a site growth rate of 27.23%.

    Alchemy – Partners

    The company has partnered with the following:

    • DraftKings
    • Socket
    • Dream3
    • Galaxy
    • Polygon
    • API3
    • Arbitrum
    • Optimism
    • Tribe Accelerator

    Alchemy – Awards and Achievements

    Some of the awards that Alchemy garnered are:

    • 57 Most Promising Fintech Startups by Business Insider
    • Most Innovative Fintech Companies by Forbes
    • 10 Most Promising Crypto Startups by Business Insider
    • Fintech 50 2021: The New Commers by Forbes
    • Fintech 250: 2022 by CBIInsights

    Alchemy – Competitors

    Here are some of its main competitors:

    • Kaleido
    • Amazon Managed Blockchain
    • Chainstack
    • BlockCypher
    • Azure Blockchain Workbench
    • IBM Blockchain Platform
    • Coinbase Cloud
    • Blockstream

    Alchemy – Future Plan

    The firm plans to double down on its commitment to meet developer needs in more places, making it much easier to unlock the potential of web3. Moreover, Alchemy is thinking of using its new capital toward high-quality hiring.

    FAQs

    When was Alchemy founded?

    Alchemy was founded in 2017.

    Who are the founders of Alchemy?

    Alchemy was founded by Nikil Viswanathan and Joseph Lau.

    What does Alchemy do?

    Alchemy is a Web3 development platform that helps developers with blockchain development. With alchemy, companies can develop scalable and reliable decentralized applications without managing blockchain infrastructure in-house.

    Who are the main competitors of Alchemy?

    Here are some of Alchemy’s main competitors:

    • Kaleido
    • Amazon Managed Blockchain
    • Chainstack
    • BlockCypher
    • Azure Blockchain Workbench
    • IBM Blockchain Platform
    • Coinbase Cloud
    • Blockstream
  • 8 Best No Code API Builder Tools for 2023

    When navigating through a web application, SaaS software, or even a software page on the web, you have most likely stumbled across the term API. Although for developers this term has become somewhat habitual, it is not so well understood by everyone. And while there are hundreds of web pages which offer more than enough information about APIs, making sense of it is not so facile.

    Acronym for Application Programming Interface, an API is more like a software mediator, that facilitates communication between two applications. The API in this manner also helps with the privacy and security of your device, since neither your phone is completely exposed to the server, nor the server to your phone. APIs also adhere to HTTP and REST standards and hence have become developer-friendly in the more recent time.

    A no code API builder is a platform or tool that allows users to create and publish APIs (Application Programming Interfaces) without writing any code. These platforms typically provide a visual interface or drag-and-drop tools that make it easy for users to connect different data sources and automate data flows to create custom APIs. No-code API builders are often used by businesses, developers, and individuals who want to quickly build APIs to integrate different systems or expose data without having to invest time and resources in learning a programming language. No-code API builders can be useful for a wide range of applications, including data integration, automation, and application development. However, they may not be suitable for more complex or high-performance applications, in which case a traditional code-based approach may be necessary.

    API, in short, help users make a request, which then they process and extract the requested data for, to return to the user. The communications are generally made possible through JSON, a programming language that uses JavaScript. The requests that can be made to the APIs are-

    • POST: To help the user create a new product.
    • GET: Get requested information by the user.
    • DELETE: To delete an existing piece of data.
    • PUT: To update an existing piece of data.

    Owing to the all-round functionality of APIs, every day more and newer APIs are being developed, and since they are built with JSON, APIs have been created by developers. That was until now since there are web applications which help you build APIs without having to code. These applications do not require the user to have any coding prowess and can help build an API through simple and intuitive tools and interface.

    Here we provide the details on the top 8 no code API development platforms that you can use to create APIs quickly and easily without writing any code:

    Mixed Analytics API Connector
    DreamFactory
    Canonic
    PrestoAPI
    Xano
    NoCodeApi
    Appsmith
    Sheety

    Mixed Analytics API Connector

    Rating 4.4/5
    Free Free Trial and 14-day money-back guarantee
    Best Suited For Creating API without code

    Mixed-Analytics-No-Code-API-Builder
    Mixed-Analytics-No-Code-API-Builder

    Most no-code API platforms work by connecting an API to Google Sheets, and Mixed Analytics API Connector is no exception. It offers an efficient way for users to import JSON files with an intuitive GUI and helps a great deal to users who work with CSV files to export them on different platforms. Whether you have to pull out API data or make API requests, Mixed Analytics makes it easy for users who wish to develop APIs without having to code. You can use Mixed Analytics API Connector to connect API data directly to Google Sheets. Generate personalized reports and dashboards without specialized coding or a complex data warehouse.

    Features Offered by Mixed Analytics API Connector

    • Mixed Analytics allows users to manage data from multiple sources without any manual resources or data warehouses.
    • You can also automate tasks of API requests and time them on an hourly, daily, or even weekly basis using API custom functions.
    • With API connector, you can pull data from thousands of sites through APIs, directly into your Google sheets.
    • API Connector also allows you to base request URL on the sheet cells to turn them into variables, and them reference them in requests.
    • Mixed Analytics is specially designed for working with spreadsheets and can pull data from any platform that uses API keys.
    Pull API data into Google Sheets with API connector

    Pros:

    • Ability to run via google sheet
    • Free plan available
    • Highly customizable
    • More than 100 API integration to use
    • Visual field editor
    • Knowledge base

    Cons:

    • Support via contact form only
    • Not interactive interface

    Pricing Plans for API Connector

    Mixed Analytics API Connector offers a Free plan and 3 different pricing plans, called the Pro Plan, Business Plan, and the Team Plan. While the Pro and Business Plan is meant for individual use, the Team Plan can be utilized by up to 5 users. The pricing details of each plan are given below:

    Pro $15/month when billed monthly or $12/month when billed yearly
    Business $29/month when billed monthly or $23/month when billed yearly
    Team $58/month when billed monthly or $46/month when billed yearly

    DreamFactory

    Rating 4.1/5
    Free Free Trial and Free Version
    Best Suited For Organization looking to unlock legacy data with SOAP to REST

    DreamFactory-No-Code-API-Generator
    DreamFactory-No-Code-API-Generator

    DreamFactory is an API lifecycle management platform that quickly creates comprehensive, well-documented REST APIs. DreamFactory is a no-code API generator for MySQL servers or even other data sources. Its advanced security controls offer users a platform that creates and manages a number of APIs also allowing them to optimize the software by integrating several applications. You can collect and merge data in a single API cell with scalability and robust security. DreamFactory also offers user 24/7 phone, chat and email, support.

    Features Offered by DreamFactory

    • DreamFactory allows users to mask the data while importing, and also create reports and analytics to retrieve and distribute data.
    • DreamFactory also enables users to secure every endpoint with role-based access controls, and also manage API keys behind firewalls.
    • It offers you to create a secure, industry-standard,  reusable and well-documented code, within weeks.
    • DreamFactory also allows users to integrate legacy technology into their applications in turn extending their life-cycles.
    • You can manage and merge data from multiple sources into a single API cell without a line of code and effortlessly turn SOAP to REST.

    Pros:

    • Role-based access control
    • Runs on any OS
    • Excellent support via phone, email, and chat
    • Custom development
    • SSO authentication
    • Compliant with GDPR and HIPAA regulation
    • User-friendly interface

    Cons:

    • Highly CPU intensive
    • Limitations on SQL features via API

    Pricing Plans for DreamFactory

    They offer custom pricing for various packages. You can contact vendor for pricing details.

    Canonic

    Rating 4.4/5
    Free One Free Plan and 21-Day Free Trial on Paid Plans
    Best Suited For Creating REST and GraphQL APIs in minutes

    Canonic - Low Code API Builder
    Canonic – Low Code API Builder

    Canonic is a low code platform that enables you to quickly build and host APIs with minimal coding. Our user-friendly interface allows you to easily define your schema and provides you with hosted backend and essential CRUD APIs. It also allows users to create REST and GraphQL APIs along with webhooks and workflows in no time. Canonic furnishes its users with a graph-based editor and helps them visualize data and relations using content platforms. Moreover, the drag and drop interface along with an efficient CMS makes publishing a piece of cake. Also, with Canonic, users can use a number of integrations including Slack, AWS Lambda, and Gatsby, along with webhooks and workflows based on data changes.

    Features Offered by Canonic

    • Canonic offers users a GraphQL API playground where you can instantly test your APIs, with autocomplete.
    • You can also have the ability to automatically trigger workflows every time your data changes, deploying builds, functions, and messages.
    • Canonic helps develop CRUD API and allows you to create, modify, and delete them at will with the built-in code editor.
    • Documentation is no longer something you need to be worried about, since Canonic does that automatically, along with examples and parameters.
    • Along with auto-generation of documentation, Canonic allows for instantaneous deployment, creation of authentication APIs, access tokens along with user invitations for collaboration.
    Canonic Walkthrough | Low Code API Tool

    Pros:

    • Easy integration with third-party services
    • Drag and drop UI
    • Premade templates
    • Free forever plan is available
    • Built-in CMS
    • Extension learning resources
    • Discord community

    Cons:

    • Support via chat only

    Pricing Plans for Canonic

    Canonic has a Free Plan that allows for 5k API calls per day and limited upto 3 Projects. And four paid plans include, Individual plan, Team plan, Growth plan and the Enterprise Plan. Enterprise Plan offers a custom plan and the user needs to contact support for pricing of this plan. Pricing details are given below:

    Individual $15/month
    Team $99/month
    Growth $249/month
    Enterprise Custom plan

    PrestoAPI

    Rating 4.7/5
    Free One Free Plan and Free Trial on Paid Plans
    Best Suited For Generating REST APIs from any database, without code

    Presto API - No Code API Development Platform
    Presto API – No Code API Development Platform

    PrestoAPI is a powerful, cloud-based, no-code platform for creating REST API’s. With this tool, developers can quickly create REST APIs from any data source, doing away with the backend development of modern mobile, web, and IoT apps. PrestoAPI helps you build APIs with just 3 simple steps. All you need to do is connect with your database through a connections string or a server address, select your data and the data request and customize your API, and voila! Your API is ready to be used. PrestoAPI allows you to connect with a database, create projects, enable collaboration, and all of this without having to type a single line of code.

    Features Offered by PrestoAPI

    • PrestoAPI offers a plethora of database supports including SQL, MySQL, MongoDB, Oracle, and PostgreSQL.
    • PrestoAPI also offers an integrated security feature that allows you to assign roles to different users throughout the completion of the project.
    • With the Enterprise Plan, you can choose any number of databases and projects that you want along with custom server connections.
    • You can also have custom API Endpoints, custom scripts and API statistics.
    • PrestoAPI also offers users with API calls and custom number of users with IP whitelists and SSH tunnels.
    Build CRUD API with PrestoAPI

    Pros:

    • Free plan is available
    • Documentation is available to get started
    • Support via phone, email, and chat
    • Both hosted and self-hosted plan is available
    • Supports Get, Post, Put, and Delete methods
    • Role-based authorization

    Cons:

    • Some difficulties in connecting with DB

    Pricing for PrestoAPI

    PrestoAPI offers one Free Plan with all the basic features. And, 3 paid plans i.e. Basic, Pro and Enterprise. The Basic Plan offers custom scripts with API statistics and more. The Pro Plan offers IP Whitelists and SSH tunnels, while the Enterprise Plan offers custom pricing in accordance with the features. Pricing details are given below:

    Basic $49 Per Month or $239 Per Year (Save 60%)
    Pro $149 Per Month or $719 Per Year (Save 60%)
    Enterprise Custom Pricing


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    Xano

    Rating 4.9/5
    Free Free Plan
    Best Suited For No-code Backend Builder for Everyone

    Xano - No Code API Development Platform
    Xano – No Code API Development Platform

    Xano is an API builder that allows you to create and manage APIs without the need for coding. You can use the visual interface for building and managing APIs, the ability to connect to various data sources, and the ability to create custom logic and workflows. It allows you to easily create and manage endpoints, connect to databases, and automate common tasks without writing any code.

    Features offered by Xano

    • simple and intuitive interface that makes it easy for users to create and manage endpoints.
    • Store data with no limit on PostgreSQL.
    • Every user database is stored separately and dedicated CPU resources are allocated to every user.
    • You have the flexibility to choose the location which is nearest to your customer, this ensures fast delivery of services.
    • Customers with enterprise plans can choose to deploy the Xano at the cloud infrastructure of their choice.
    • It provides easy collaboration with the team of developers to work on a project and share files seamlessly.

    Pros:

    • Free plan is available
    • Powered by the Google cloud platform
    • Compliant with GDPR, HIPAA, ISO 27001, and CCPA
    • Learning resources are available
    • Application of custom code
    • Good support

    Cons:

    • Only capable of building RESTful APIs

    Pricing for Xano

    Xano offers one Free Plan and 3 paid plans i.e. Launch, Scale 2x, and Enterprise. The Free Plan offers 1 Workspace,  10,000 total records, and more. The Launch Plan offers 3 workspaces, no record limit, 10 GB of media storage, and more. Scale 2x plan offers auto-scaling, 2x API capacity, and 2x database capacity while the Enterprise Plan offers custom pricing in accordance with the features. Pricing details are given below:

    Build Free
    Launch $67 Per Month or $708 billed yearly (Save $96 per year)
    Scale 2x $405 Per Month or $4,272 billed yearly (Save $588/year)
    Enterprise Custom Pricing

    NoCodeApi

    Rating 4.1/5
    Free Free Plan
    Best Suited For Connect to APIs without code

    NoCodeApi Builder
    NoCodeApi Builder

    NoCodeApi builder is a platform that helps you to create and deploy APIs. It allows you to build APIs by connecting to various data sources and defining the data flow and structure. You can easily create, test, and deploy APIs using a simple drag-and-drop interface. With 40+ third-party applications, one can easily connect and use the features provided by this tool. It is a powerful tool for automating tasks, integrating different systems, and building custom software that can be used by businesses, startups, and individuals.

    Features offered by NoCodeApi

    • NoCodeAPI builder allows users to test their APIs automatically, ensuring that they are working properly before deployment.
    • It automatically generates API documentation making it easy for developers to understand and use the API.
    • Built-in security features to ensure that the APIs are protected against unauthorized access.
    • The platform allows users to easily connect their APIs with other services such as databases, cloud storage, and more.
    • It is accessible from anywhere and at any time because it is cloud-based.
    • It provides a drag-and-drop interface that makes it easy to create and connect different API endpoints.

    Pros:

    • Free plan is available
    • HTTPS encryption
    • Chat, email, and technical support
    • Create logs of every call
    • User-friendly interface
    • Cost-effective

    Cons:

    • Limited customization
    • Require subscription to utilize its full potential

    Pricing for NoCodeApi

    Xano offers one Free Plan and 3 paid plans i.e. Personal, Professional, and Business. The Free Plan is best suited for hobby projects and experiments. The Personal Plan includes core features and a higher volume. The professional plan includes higher volume to build your MVPs while the Business Plan offers a complete suite of advanced features. Pricing details are given below:

    Free $0
    Personal $12 Per Month or $120 Per Year
    Professional $29 Per Month or $290 Per Year
    Business $49 Per Month or $490 Per Year

    Appsmith

    Rating 5.0/5
    Free Free Plan and Trial
    Best Suited For Building everything you need, 10x faster

    Appsmith - low-code API development platform
    Appsmith – low-code API development platform

    Appsmith is a low-code platform that allows developers to create web applications. It provides a visual editor for building and designing web apps, which can be used to create custom forms, reports, dashboards, and more. Appsmith also includes built-in support for data sources, authentication, and other common app functionality. It helps developers to create custom web apps without being limited by pre-built templates or pre-defined workflows. This provides more flexibility to create the specific app that is needed.

    Features offered by Appsmith

    • Built-in support for connecting to various data sources, including databases, APIs, and cloud services.
    • It helps developers to use JavaScript to add custom logic and extend the platform’s functionality, which provides more flexibility to create complex apps as needed.
    • The hot-reloading feature allows developers to make changes to the code of their web app and see the changes reflected in the app without having to manually refresh the page.
    • Error tracking feature empowers developers to automatically detect and track errors that occur in their web app.
    • Debugging support is provided to help developers debug their web apps.

    Pros:

    • Simple and intuitive user interface
    • Error tracking and debugging support
    • Open-source platform
    • Free plan is available
    • Cloud and self-hosted options are available
    • Learning resources
    • Pre-built templates

    Cons:

    • Live support is not available

    Pricing for Appsmith

    Appsmith offers a Community Plan which is a Free Plan and a paid plan i.e. Business. Pricing details are given below:

    Community Free
    Business $20 per user per month (Regular User) or $0.4 per user per hour (Occasional User)


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    Sheety

    Rating 5.0/5
    Free Free Plan
    Best Suited For Building API from Google Sheet in less than 5 minutes

    Sheety - No Code API Builder
    Sheety – No Code API Builder

    Sheety is a tool that allows users to turn their Google Sheets into APIs. It provides easy access to the data in a spreadsheet by providing an API endpoint for each sheet. This empowers developers to access the data in a structured format, such as JSON or CSV, and use it in their applications. Sheety is a free service, with the option to purchase additional features such as custom domains and increased usage limits.

    Features offered by Sheet

    • You can set up webhooks to automatically notify when data in the sheet changes, allowing you to trigger actions in other systems.
    • Password protection to their API endpoint to keep their data secure.
    • Custom domain feature for the API endpoint to give them a more professional look.
    • Filter the data in the sheets using query parameters in the API endpoint.
    • It automatically generates an API endpoint for each sheet in a Google Sheet, making it easy for developers to access the data in a structured format.
    Creating REST API from Google Spreadsheet using Sheety

    Pros:

    • Fully Restful JSON API
    • Easy integration with Google sheet
    • Free plan is available
    • Pre-built templates

    Cons:

    • Only email support is available
    • Limited templates

    Pricing for Sheety

    Sheety offers a Free Plan and 4 paid plans i.e. More Sheety, Extremely Sheety, Extremely Sheety XL, and Extremely Sheety Pro. Pricing details are given below:

    Free Free
    More Sheety $9.99 per month
    Extremely Sheety $29.99 per month
    Extremely Sheety XL $49.99 per month
    Extremely Sheety Pro $79.99 per month


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    Conclusion

    Developers today know how No-code API builders are a useful and convenient way to create and publish APIs without writing any code. They provide a visual interface or drag-and-drop tools that make it easy for users to connect different data sources and automate data flow to create custom APIs. While no-code API builders can be a good choice for quickly building simple APIs, they may not be suitable for more complex or high-performance applications. In those cases, it may be necessary to use a more traditional code-based API development approach.

    The above-mentioned No Code API developers can help users in different ways and offer a variety of features and pricing plans. Keeping in mind the number of projects that you need to develop, database requirements, number of users and other factors, you can choose the best suited for your needs. Ultimately, the best no-code API builder for you will depend on your specific needs and requirements.


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    FAQs

    What is an API?

    API is the acronym for Application Programming Interface, which is a software intermediary that allows two applications to talk to each other.

    What does API stand for?

    Application programming interface.

    What are the types of API?

    Types of API include Open APIs, Partner APIs, Internal APIs, and Composite APIs.

    What are some examples of no-code API builders to use in 2023?

    Some popular no-code API builders to use in 2023 include Mixed Analytics, Assemble, DreamFactory, Canonic, and PrestoAPI.

    Who uses no-code API builders?

    No-code API builders are often used by businesses, developers, and individuals who want to quickly build APIs to integrate different systems or expose data without having to invest time and resources in learning a programming language.

    Are no-code API development programs suitable for all types of applications?

    No-code API development programs can be useful for a wide range of applications, including data integration, automation, and application development. However, they may not be suitable for more complex or high-performance applications, in which case a traditional code-based approach may be necessary.

    How do I choose the best no-code API builder for me?

    The best no-code API builder for you will depend on your specific needs and requirements. Consider factors such as the complexity of your API, the data sources you want to connect, the automation capabilities you need, and the level of support and documentation provided by the platform. It may also be helpful to try out different no-code API builders and see which one best meets your needs.

  • The Business Model Of MapmyIndia | Funding, Marketshare and More

    MapmyIndia is known to be one of India’s most comprehensive GPS navigation and tracking solutions providers, which engages the users on multiple platforms. The New Delhi-based company first started its venture online as C.E Infosystems back in 1995 and eventually migrated into consumer navigation devices, fleet-tracking solutions for taxi and trucking companies, and mobile apps. Today, the company offers an entire API stack, IOT devices, and a map app and is also a strong competitor to the global giant Google’s mapping app.

    The company has so far mapped over 10.54 million unique destinations, expanded its coverage to over 6.29 million kilometers of the road network, 7068+ cities at street level along with address level for 80+ cities. It also covers 600K+ villages and 3D and 2D landmarks in 86+ different cities. It has so far recorded 18+ million places. Not only that the company has also divulged into offering a variety of different services. It offers services like navigation functionality, tracking and telematics, and location-based analytics.

    MapmyIndia has its own API stack through which the company aids developers who are looking to build interesting and unique apps powered by a geo-locational element such as OLX, Flipkart, and smart parking systems. The company now has 5,000 enterprise customers. It also claims to have captured an 80% market share in revenue in the location intelligence space.

    It has more than 2,000 customers on its SaaS platforms, which are used for fleet management, location analytics, etc. among other things, made possible because of the successful business model that MaymyIndia brandishes. Other smaller players that compete with MaymyIndia in the IoT-powered GPS devices segment include Asset Tracker, TrakNTell, and CaRPM.

    MapmyIndia – A Brief History about MapmyIndia
    MapmyIndia – Products and Services the Company Offers
    MapmyIndia – Business Model
    MapmyIndia – Revenue and Financials
    MapmyIndia – Market Share and Funding of MapmyIndia

    How MapmyIndia works

    MapmyIndia – A Brief History about MapmyIndia

     Rakesh and Rashmi Verma, The founders of MapmyIndia
    Rakesh Verma and Rashmi Verma, The founders of MapmyIndia

    MapmyIndia is an Indian technology company that builds digital map data, telematics services, location-based SAAS, and GIS AI services. The company has its headquarters in New Delhi, regional offices in Mumbai and Bengaluru, and an international office in the San Francisco Bay Area. MapmyIndia was founded in the year 1992 by Rakesh Verma and Rashmi Verma. The company had its humble beginning when the couple launched a startup called C E Info Systems Pvt. Ltd. in New Delhi.

    The company initially started working upon developing a web mapping technology and providing products and services required for enhancing marketing and logistics efficiency in the existing organizations in the country. MapmyIndia launched the first Indian interactive digital mapping portal in 2004, which provided free, customized, location-based services.

    In 2010, MapmyIndia launched a GPS navigation service called Road Pilot, preloaded with Indian cities, villages and destinations and destinations. As of 2018, it has 5000 plus enterprises customers and over 250 million consumers benefit directly and indirectly from its services. MapmyIndia has also expanded to countries like Sri Lanka, Bangladesh, Bhutan, and Nepal and soon plans to release maps for the different parts of the world.

    During the trying times of the pandemic, the company launched a Covid19 dashboard that mapped containment zones and Covid19 testing and treatment centers across India in real-time and made it available for millions of users free of cost. This immediate move benefitted many users needing this information, whereas Google was slow to respond and released it many months later. It also won the Government of India’s Atmanirbhar App Challenge for its consumer app.

    In December 2021, MapmyIndia parent company, the valuation or the market capitalization of the company currently stood at over $1.03 Bn.

    MapmyIndia – Products and Services the Company Offers

    MapmyIndia is well known for its services like Navigation, Tracking, IoT, Analytics, and web mapping service for desktop and mobile devices. The company also offers advanced GPS tracking devices, car in-dash infotainment, and plug and play on-board diagnostics, car trackers. The navigation service features street-view, public transit information, and turn-by-turn navigation with spoken instructions for vehicles. The main services that the company offers are:

    • Professionally curated and continuously updated detailed maps that offer unmatched coverage – These maps enable web and mobile applications, with the most granular house-level building data, live traffic, location-based demographics, and socio-economic data.
    • Real-time data visualization and big data analytics to make more informed decisions – Maps provide a visual context that helps customers to increase productivity, involving location like site selection & resource allocation that helps with efficient business growth.
    • Smart mobility platform for sale, convenient and efficient mobility – The company is focused on building technology platforms for connected vehicles and travelers paving the road for autonomous multi-modal and safe mobility.
    • Connected Vehicle IoT ensures the safety and security of vehicles, people, and assets – The company also believes in providing a secure, intelligent, and modular location-based IoT platform, providing accurate and reliable maps with live traffic, road conditions, safety alerts, driving patterns, and other travel services.

    MapmyIndia Launched Panoramic Street View Experience

    MapmyIndia announced the launch of a panoramic, street view feature, which will be similar to the panoramic, three-dimensional experience of Google Street View. This technology, which is refered to as Mappls RealView, will help the users explore the cities of India almost as Google offers. Currently, Mappls RealView covers metropolitan areas and cities including Bengaluru, Delhi NCR, Greater Mumbai, Chennai, Pune, Hyderabad, and Jaipur. Besides, it also covers nearly 100,000 kms of highways, which links these cities and towns. The repository of Mappls RealView currently consists of 40+ Cr geo-tagged panoramas, videos, and panoramas, as of July 28, 2022.

    A metaverse-like experience has also been launched by MapmyIndia, via Mappls. This now features numerous tourists, commercial and residential landmarks and more, across India. In order to create a 3D experience, the listed startup has revealed that it uses satellite imagery data from the Indian Space Research Organisation (ISRO).

    MapmyIndia – eLoc: Electronic location as a key to Digital Address

    MapmyIndia has presented eLoc (electronic Location) as the country’s key to digital addresses. eLoc by MapmyIndia helps in finding the electronic location of any place, be it a building, flat, office, business, city, village, locality, road, and so on, is a short, 6 character code (for e.g. 8GDTYX, or MMI000). This is easy to remember, share, type, and provide. eLoc claims to provide a comprehensive, accurate, and precise door-step level, 3D digital map database, and turn by turn navigation solution.

    eLoc is essential when a person, business, or official searches for a place by entering the code. They can see the precise map location of the place beside its location, such as reviews, photos other information provided by the place’s owner, businesses, and government. MapmyIndia updates its digital database every quarter and takes into account the feedback of the enterprise’s customers, individual users, on-ground staff, and its own surveyors as well.


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    MapmyIndia – Business Model

    When Rakesh and Rashmi Verma first started out to build their own startup they were determined to do something for the country and thus, decided to make it their life’s goal to build the country’s first digital map based on a database of India. This was a difficult task in the beginning because India is known to be vast and with varied geographical and topographical diversities. This is why they decided to make their own database, “Top Down and Bottoms Up”.

    The Top Down system included that the company digitally traced whatever paper maps were available using tablets and other IT and electronics devices. On the other hand, the Bottom Up was meant to survey different parts of the country. The team of MapmyIndia played an important role in surveys as they had to practically walk down the streets and by-lanes of the country and also conduct field surveys.

    The company has a customer-funded business model and has had popular companies like Coca-Cola, Marico, Hindustan Unilever, and the Indian defense service as their enterprise customers. All of these were possible due to its team of more than 400 surveyors, post-physical and satellite surveys, and most importantly, its 25 years of research. The company now has a repository of more than 2 Cr data points, including 3D data visualizations, telematics, and navigation systems under its belt.

    Map Data collection work

    The company not only sends more than 400 surveys in the field but also collects hundreds of attributes like footprints, doorsteps, floor numbers, flat numbers, and photographs of every location. It is because of this information that the company has created a digital map of the country of inter-connected information with all those geographical markers and coordinates. MapmyIndia has also entered into more than 100 strategic partnerships with tech and marketing companies, to facilitate the process of data collation faster.

    Four Key Markets of MapmyIndia

    In terms of the verticals, MapmyIndia addresses four key markets:

    • Direct consumers (through free and paid app/maps)
    • Automotive (40% of revenue)
    • Mobile Internet (20%) and
    • Enterprises and government (40% of revenue).

    MapmyIndia – Revenue and Financials

    MapmyIndia QoQ Financials

    The operating revenue in Q1 FY23 of MapmyIndia, grew by 50.2% to stand at Rs 65 crore when compared to the revenue it received in the corresponding quarter in FY22.  

    The expenses of the company also increased by 37.5% in Q1 FY23, when compared with the Rs 27.4 crore expenses it registered in Q1 FY22. The expenses of MapmyIndia in Q1 FY23 are registered at Rs 37.7 crore.  

    The PAT of MapmyIndia rose 17.5% YoY in the first quarter of FY23, to become Rs 24.2 crore.

    MapmyIndia YoY Financials

    MapmyIndia’s revenue from operations was close to Rs 200 crore in FY22. The company earlier registered Rs 153 crore in operational revenue, which grew by 31%. The revenue from operations of MapmyIndia was previously noted to be Rs 135.2 crore and Rs 149 crore in FY19 and FY20 respectively.

    The expenses of MapmyIndia rose only slightly, by 11%, up from Rs 113 crore in FY21 to become Rs 125 crore in FY22. MapmyIndia expenses were earlier registered at Rs 120.16 crore in FY19 and Rs 131.78 crore in FY20.

    MapmyIndia profits after tax (PAT) stood at Rs 87 crore in FY22, which witnessed a 45% rise from Rs 59.4 crore worth in profits in FY21. The profits were earlier Rs 33.6 crore in FY19 and Rs 23.2 crore in FY20.

    MapmyIndia Financials FY19-FY22
    MapmyIndia Financials FY19-FY22

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    MapmyIndia – Market Share and Funding of MapmyIndia

    MapmyIndia cloud mapping services are used by many well-known tech companies such as Paytm, PhonePe, Amazon, Alexa voice, Flipkart, Uber, Ola, Grofers (now Blinkit), for various things like planning, operations, and customer experience. The company also offers advanced navigation and location services to the vehicle manufacturer and has a 95% market share in GPS navigation in India. It also claims to have 5,000+ enterprise customers with an 80% market share in the location intelligent space.

    MapmyIndia Funding

    MapmyIndia has so far raised $34 million in venture capital financing in the three rounds since 2007 from Lightbox Ventures, Nexus Venture Partners, Qualcomm Ventures, and Zenrin. In 2015, Flipkart announced that it has acquired 34% stake in the company for Rs 1,600 crore and provided a successful exit to MapmyIndia’s early investors. Over the years, the firm’s value has more than tripled due to the increase in the adoption of its technologies.

    Date Name of the Funding Round Deal Value Lead Investors
    May 1, 2014 Venture Round Lightbox
    February 15, 2009 Series C $9 mn Qualcomm Ventures
    August 10, 2007 Series B $25 mn
    April 19, 2007 Series A

    MapmyIndia IPO

    The company filed its draft offer documents with the Securities and Exchange Board of India (SEBI) on August 31, 2021. In its IPO, MapmyIndia was initially expected to go with an offer-for-sale of up to 7,547,959 equity shares by shareholders at a face value of Rs 2 each. This amounted to around 19% of post-offer paid-up equity share capital.

    C.E Info Systems, MapmyIndia’s parent company, has increased its total IPO offering to 9,589,478 equity shares, as per the reports dated October 20, 2021. MapmyIndia parent has received SEBI’s approval for its IPO that will consist only of an offer for sale (OFS) from the promoters and the existing shareholders and would offload up to 9,589,478 equity shares, as per the reports dated October 30, 2021. C.E Info Systems had gone live with its IPO on December 9, 2021, where it has seen a strong response from retail investors. The IPO was subscribed around 0.53 times or 53%, as per the reports on 11 am on the same day.

    The IPO of MapmyIndia parent witnessed a subscription of over 154 times, as reported on December 13, 2021. The upper limit of the IPO price band was at Rs 1,033, where the offer attracted bids close to Rs 1.12 lakh crore, as disclosed on the same date. The MapmyIndia shares were listed at Rs 1581, which is a 54% premium to its IPO price of Rs 1033 per share.  


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    FAQs

    When was Mapmyindia founded?

    Mapmyindia was founded in 1995 by Rakesh Verma and Rashmi Verma.

    Which is the parent company of MapmyIndia?

    CE Info Systems Ltd is the parent company of MapmyIndia.

    Who is the owner of MapmyIndia?

    Rakesh Verma and Rashmi Verma are the owners of MapmyIndia. He is the Chairman and Managing Director of MapmyIndia.

    How does MapmyIndia earn?

    MapmyIndia earns through different sources like:

    • Direct consumers (through free and paid app/maps)
    • Automotive (40% of revenue)
    • Mobile Internet (20%)
    • Enterprises and government (40% of revenue).

    What are the premium features of MapmyIndia?

    The premium features of MapmyIndia are:

    • House/Building level navigation for 337 cities
    • 3-D landmarks across 90 cities
    • Junction views for easy navigation at complex junctions
    • Lane Guidance in 900+ cities and along National Stretches
    • Text-to-speech
    • Visual & Audible lane guidance
    • Signpost 52000+ cities
    • Audible signpost.