Rahul-Yadav-Housing

Mumbai based online realty platform, Housing.com, has released its CEO Rahul Yadav, with immediate effect, after a regular board meeting, held earlier today. Yadav who is also the co-founder of the company, will no longer be an employee of Housing and be associated with the company in any manner, going forward.

The Housing Board, unanimously agreed to bring Yadav’s tenure to a close,  with reference to his behaviour towards investors, ecosystem and the media.   The Board believed that his behavior 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.

While the search for an interim CEO is underway, a transition plan has been put in place, The current senior executives of Housing will continue to run the operations on a daily basis, and ensure its continued smooth functioning.   The Board and the Operating Committee will remain closely involved with all key decisions.

The Housing Board, investors, management team and employees are keen to see Housing maximize its huge potential in India and beyond, as well as run in professional and world class manner. This is part of their larger commitment to India and the start-up ecosystem, which together remains unaffected and as strong as ever.

The Board thanked Yadav for his contributions and wishes him well, in his future endeavors.

You May Also Like

Now Indians Can Form One Person Company

Good news for entrepreneurs, now you can form One Person Company (OPC)…
Mukesh Ambani

Silver Lake invests in Jio Platforms

Reliance Industries Limited and Jio Platforms Limited announced today that Silver Lake…
Milk Mantra Raises Rs. 80 Crore In Series C Funding

Odisha Based Milk Mantra Raises Rs. 80 Crore In Series C Funding

Odisha based diary food startup Milk Mantra Dairy Pvt. Ltd. has raised…

CommonFloor.com Raises $30 Million Series E Funding From Tiger Global

Bangalore bases real estate and apartment management portal CommonFloor.com has raised $30…