This development comes in the wake of tending his resignation after accusing the board members and investors especially with Sequoia Capital’s Shailendra Singh. It was already forecasted last time despite his U-turn on his resignation in the month of May, Rahul Yadav will not be running the show for a long time. Although he was allowed as Chief Executive Officer of the company, all his powers were curtailed. The board had made him to tender an unconditional apology. Rahul Yadav has already earned him a tag ‘Funded Brat of Indian Startup Industry.’
Rahul was in limelight when Housing.com secured whopping $90 million in December 2014, followed by social media spat with Shailendra Singh, director of Sequoia Capital. Later he shocked by announcing his decision to give away all his shares in the Housing.com to its employees. Further he challenged CEO of Zomato and Ola to follow the path.
The board may not be inclined on Rahul Yadav’s continuation as CEO of Housing.com. Efforts have been made for his replacement through recruitment agency. There is no official statement from Housing.com till now on resignation of Rahul Yadav. If the resignation accepted by Housing.com board, Rahul Yadav will be known as shortest tenured CEO in the Indian entrepreneur industry.