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Rediff.com  » Business » Rahul Yadav to launch new venture in a month

Rahul Yadav to launch new venture in a month

July 16, 2015 16:28 IST

On July 1, Housing.com's board sacked Yadav for his behaviour with the investors and media.

Rahul Yadav, the ex-chief executive of realty portal Housing.com, will be back with his new venture in a month, the 26-year-old said on Facebook. Sources said the new venture could be in the real estate sector. 

“I’ll be back...this time with 100x.... [10x of last formula (10x)] 30 days to go. Is the world ready?” he said adding, “If the path is smooth, dig your own holes... Just to become stronger. Just to make things interesting...” In July, the board sacked Yadav for his behaviour with the investors and media.

 “The board believes his behaviour is not befitting of a CEO and is detrimental to the company, known for its innovative approach to product development, market expansion and brand building,” the company had said. 

Last week, Housing.com appointed Rishabh Gupta as the interim CEO of the realty portal. Search for an interim chief executive is underway. 

In 2012, Yadav, along with his batchmates from Indian Institute of Technology, co-founded Housing.com. The company has emerged as one of the most promising start-ups in recent years, with investors betting big on it, pumping in $121 million in four funding rounds so far.

BS Reporter in Mumbai
Source: