Open Talk @DSIM
An Interview with Rajinder Sharma, Founder of Yessettle.com
Yessettle.com, a platform that enables the user to initiate the process of settlement of any dispute (except non-compoundable criminal case) which the user might have with any other party anywhere in the world and the Platform further helps the users with its support in resolving the disputes through an online mediator.
So, it is an innovative method to resolve such disputes, online. Rather than taking the dispute to a court, many disputes can be tried to be resolved on YesSettle Platform.
Q1. Hi, Rajinder! Welcome to DSIM. You are a part of the startup culture in India. How did you come up with the unique concept of online settlement platform for “Yessettle.com”?
Ans. As during my 22 years of legal practice, I noticed that most of the litigation can be avoided by the parties if they have a proper and comfortable atmosphere to resolve their conflicts like home to sit together and to find a midway solution.
One of my client’s daughter (who was U.S resident) matrimonial dispute matter was pending in Chandigarh courts and the court directed the parties to present before the Mediation Centre (where the mediators are Advocates) on fixed date and he came to India for 15 days to attend the Mediation proceeding with the intention to resolve the matter but nothing fruitful came out from the 5 to 6 meetings in the Mediation.
During his visit, he spent approx. 3 lakhs rupees for said purpose and several hours in Court Mediation Centre. Then the said idea struck my mind.
Ans. We are targeting Banks for settlement of their loan accounts as there are several Lakhs of N.P.A accounts in banks in India and Abroad. Also, To tie up with the Insurance companies and Companies. Our plan over the next year is to launch this platform in other countries and also focusing on to bring more users on the platform and provide them best quality services to tie up with the Banks, Insurance companies and Companies.
Ans. Education is important for an entrepreneur as it allows one to create a better vision to fulfill. I’m not even talking about academics here.
Hence, Education… Some of the world’s top entrepreneurs in the world started their business after dropping out of higher education.
Ans. My mother said to me, “If you are a soldier, you will become a general. If you are a monk, you will become the pope, Instead, I was a painter, and became Picasso. –Pablo Picasso.
Ans. Have a plan, stay focused. Just do it and follow your passion.
“It was nice talking to you. Thank you so much for your time and providing us valuable information. Team DSIM wishes you all the best for your future.”