Nationality Indian Notable work housing, exambaba Occupation Entrepreneur Name Rahul Yadav | Years active 2012 to present Role Entrepreneur Known for housing.com | |
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Born 1990 Alwar, Rajasthan, India Education Indian Institute of Technology, Bombay | ||
Housing com ceo rahul yadav gives away his rs 200 crore stake to employees
Rahul Yadav (born 1988) is an Indian entrepreneur, sometimes referred to as the "bad boy of Indian startups" owing to various controversies. He is a co-founder and former CEO of Mumbai-based real estate search portal Housing.com. According to Forbes India, Housing.com sold eight million dollars worth of real estate in its first week. For his work at Housing.com, Yadav made the Forbes India list of "30 Under 30" young entrepreneurs.
Contents
- Housing com ceo rahul yadav gives away his rs 200 crore stake to employees
- Rahul yadav of housing com on startup journey controversies and funding
- Early life career
- Housingcom
- Intelligent Interfaces
- References
His dismissal as CEO by Housing.com's board of directors attracted considerable media attention. Subsequently, Yadav announced that he would be launching a new venture. As of August 2015, he was in negotiations with Paytm for funds for the new project.
Later in the month, Yadav announced his latest venture, Intelligent Interfaces which would assist companies and organisations in automating processes. The company is backed by Sachin Bansal and Binny Bansal, co-founders of the Indian e-commerce giant Flipkart and Yuvraj Singh's Youwecan ventures also announced that they would be participating in the seed round as well.
Rahul yadav of housing com on startup journey controversies and funding
Early life & career
Yadav was born to middle-class parents from Alwar, Rajasthan. He enrolled at Indian Institute of Technology Bombay in 2007, specialising in metallurgy. He served as the representative and secretary for the university's student association. After first building Exambaba.com, an online question bank of old exam papers that IIT Bombay asked Yadav to close, Rahul dropped out of college in his final year. In the process of building Exambaba.com, he had learned programming, which enabled him to subsequently design a series of Google applications. In 2012, he along with 11 other classmates co-founded Housing.com, after they had a difficult time finding accommodation in Mumbai. He came up with a new venture related to virtual, augmented reality, and interfaces.
Housing.com
Housing.co.in was founded in 2012, and was later renamed Housing.com. Yadav says that he started up Housing.com in response to a severe housing shortage in India. By mid-2015, under Yadav's leadership, Housing.com had three offices in Powai, a suburb of Mumbai. The site aims to increase transparency in the real estate market. Its original line-up of products include-map based rental search, verified purchase of apartments, buildings and even land in villages and rural areas and ‘Slice View’ which allows customers to take a virtual tour of chosen properties of big real estate companies. Having successfully solicited major investors to back the site, Yadav retained only a five percent share in the business which later made it possible for investors to oust him.
Housing.com was named one of the hottest tech startups in 2012. SoftBank was among its funding partners, and the fledgling company also partnered with Tata Housing and Tata Value Homes.
Yadav came into limelight for his controversial remarks about Vishal Sikka (CEO of Infosys), founders of Ola, Zomato and the announcement of distribution of his personal equity in the online real estate company, worth around 200 crore rupees, to its 2,251 employees.
In June 2015, Rahul was fired by the company board citing "his behaviour towards investors, ecosystem and the media". The shares of his business that Yadav donated to his former employees was considered to be the equivalent to a year's salary. In an apparent explanation of his actions, Yadav said, “I’m just 26 and it’s too early in life to get serious about money, etc,” in an interview with the Financial Express.
Intelligent Interfaces
In September 2015, Rahul announced his new venture Intelligent Interfaces. The company had secured angel investment from co-founders of Flipkart, Paytm,YouWeCan and Micromax. Intelligent Interfaces is reportedly a data analytics company and visualisation company catering to e-commerce companies.