Young Turks Master Class: How to keep saying no, but not burn bridges

Aug 23, 2018, 01:03 PM

CNBC-TV18’s Young Turks is India’s longest show on startups and since 2002, week over week we have been putting the spotlight on young entrepreneurs who have been pushing the boundaries to build innovative & sustainable businesses. Most of you who have taken the plunge know that an entrepreneur needs more than just a good idea, timing or even money. Sometimes to turn an innovative business idea into reality one needs guidance. So, over the years we have put together multiple tutorials with the who’s who of the startup world and corporate India via our Young Turks Mentor platform. And now through our brand new TV series – the Young Turks Masterclass – we are taking this a step further and expanding the range of mentorship.

In our inaugural season of YT Master Class we have joined hands with Matrix Partners India. Part of the Boston based venture capital firm that manages $4 billion in assets across US, China and India – Matrix Partners India was founded in 2006 by founder of Bazee.com, Avnish Bajaj. With a focus on startups in the consumer tech, B2B, enterprise and the fin-tech space Matrix Partners India has $700 million under management. Over the years the #FOUNDERSFIRST philosophy has come to define their approach to investment and managing their portfolio of startups which include Ola Cabs, Practo, Quikr, Cloud Nine, Daily Hunt, Limeroad and MSwipe.

On the show today we bring you the story of Manish Patel’s MSwipe, a maker of point of sale or POS machines for merchants. MSwipe has deployed a network of 280,000 PoS terminals in India across 650 towns and cities since its inception in 2011. Apart from mobile PoS devices, the company also has a payment gateway for processing payments online and an automated payment settlement system for merchants. The venture has raised $65 million to date but its first cheque came from MSwipe back in 2013.

Today CNBC-TV18’s Megha Vishwanath is in conversation with Manish Patel and Matrix Partner India’s Managing Director Vikram Vaidyanathan.

Watch the video here.