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Post Yadav’s exit, Housing.com appoints Rishabh Gupta as interim CEO

Realty portal
Housing.com has appointed Rishabh Gupta as interim CEO after
it
sacked
co-founder and ex-CEO Rahul Yadav last week
.

Realty portal
Housing.com has appointed Rishabh Gupta as interim CEO after
it
sacked
co-founder and ex-CEO Rahul Yadav last week
.

Gupta, who is currently Chief Operating Officer (COO) at the SoftBank-backed
portal, has been named as interim CEO with immediate effect, reports Business
Standard
, citing sources. Rishabh Gupta, Haresh Chawla and Abhishek Anand
(Chief Technical Officer) will be joining the company’s operating committee

Earlier this month, Housing.com’s board had sacked Yadav with immediate effect,
saying that his behaviour towards investors and media was not
“befitting” of a CEO. The company had also said that Yadav would not
be an employee or part of the portal in any manner.

“The Board believed that 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 statement had said.

In the recent past, Yadav has been in the thick of a controversy after he called
the board member and investors intellectually
incapable
and had even put in his papers on May 5. Later, he apologised
and withdrew his resignation
.

Then in May, Yadav again made headlines when he gave away all his holding, worth
about Rs 200 crore
, in the company to the employees. The very next month, Yadav
quit once again
.

In December last year, Housing.Com had raised $ 90 million through private
equity infusion from SoftBank Group along with Falcon Edge and other existing
investors. SoftBank has over 30 per cent stake in the company.

Within two years of its founding, the company has expanded from its original
rent and resale proposition to include PGs and hostels, serviced apartments,
land, plot projects, and new projects.

Housing.com currently has more than 2,551 employees in over 100 cities across
India.

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