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Housing.com CEO Rahul Yadav quits once again

Opps! He did it
again.

Rahul Yadav has reportedly once again decided
to step down as CEO of Housing.com. This is happening for the second time in
less than two months, and this time, according to a ET Tech report, his
resignation will be accepted by the board of the real estate portal. Yadav will be asked to stay on at the
company and oversee product development.

Opps! He did it
again.

Rahul Yadav has reportedly once again decided
to step down as CEO of Housing.com. This is happening for the second time in
less than two months, and this time, according to a ET Tech report, his
resignation will be accepted by the board of the real estate portal. Yadav will be asked to stay on at the
company and oversee product development.

“After
discussions with the board, Rahul has decided to step down,”  a source told ET Tech. “There will be a
board meeting within two weeks where this will be announced. He has let
individual board members know.”

According to the report Rahul Yadav denied having quit the company again.

After
his confrontation with the board in late April, Japan’s SoftBank, and another
investor Falcon Edge, had taken charge of operations at Housing. Back then, in
a letter announcing his resignation as CEO, Yadav had questioned the
intellectual prowess of the investors.

Yadav has been
involved in a string of controversies lately. He started a social media spat
with Sequoia Capital’s managing director Shailendra Singh, and most recently posted
a photo of Infosys CEO Vishal Sikka sleeping at an airport lounge. The
provocation was that Yadav apparently tried to wake up a sleeping Sikka, who
brushed him off saying he was too tired to talk to him.

The board of Housing has been on the lookout for a potential successor to Yadav
for some time. Recruitment agency Spencer and Stuart has been leading the
mandate for a new CEO.

Housing was founded in 2012 by a dozen college-mates from IIT-Mumbai, of whom
three have left the company. Housing, which competes with CommonFloor, 99Acres,
and MagicBricks, owned by the publisher of this paper, has attracted more than
$120 million (Rs 760 crore) in funding and is valued at over Rs 1,500 crore.

 

 

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