No More Resignations!! Housing.com Says Enough is Enough Fires CEO Rahul Yadav for His Behavior

Housing.com’s co-founder Rahul Yadav is no longer the CEO of the company. No, he did not resign this time, in fact, according to a report by the Economic Times, he has been fired. “Rahul was on probation from the last time he resigned, and when he didn’t meet targets set by the investors, he was asked to leave,” said one of the investors of the company.

In a board meeting on Wednesday at Housing.com’s headquarters in Mumbai, the company cited his “behaviour towards investors, partners and the media” as the reasons for his ouster. “The board believed that his behaviour is not befitting of a CEO and is detrimental to the company,” said a person aware of what transpired at the board meeting.

Self-proclaimed "genius billionaire philanthropist" Rahul Yadav sacked

Self-Proclaimed “Genius Billionaire Philanthropist” Rahul Yadav Sacked:

Self-proclaimed “genius billionaire philanthropist” Rahul Yadav, an IIT-Bombay dropout who started the real estate with collegemates in 2012, will have no further ties to the company. He was asked to leave the premises immediately after the meeting. Rahul Yadav updated his FB status as:

Housing's Board Fires Rahul Yadav

Only yesterday, an email leak revealed that Yadav had decided to play a prank on the media amid talks of Quikr taking over Housing.com. The email, written by Yadav, revealed that he had answered positively to 50% journalists, and negatively to the other 50% about the possibility of the takeover. “Hopefully, you’ll have a cocktail of news in the morning,” he said after.

Quikr to Buy Housing.com for Around ₹1,100 Crore:

SoftBank, which has a 32% stake in Housing, has formed an executive committee that controls the finances and operations of the company. The committee is led by Jonathan Bullock, the SoftBank executive who has replaced the investment firm’s vice-chairman Nikesh Arora on the Housing board.

Quikr to Buy Housing.com for Around ₹1,100 Crore

A couple of days ago, there was a rumour about Quikr acquiring Housing which spread like wild fire on the internet. And Rahul exploited that opportunity to “have fun” with the media by confirming the news to a section while negating the speculation to the rest.

Also Read: Is Quikr Really Acquiring Housing.com?

The company is searching for an interim CEO. Earlier this week ET reported that Yadav had agreed to step down after the board took the initiative to ease him out of the company.

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