Housing.com CEO Rahul Yadav has been sacked and finally it’s the curtain down for the brat of the Indian Startup. The move came after Rahul spread the news about Quickr is in talks with Housing.com for acquisitions. Apart from Yadav’s alleged emails to employees has been revealed where he has said that he was telling journalists two different sets of information on the whole issue.
Housing.com board has unanimously agreed to bring Yadav’s stint as CEO to a close, they were referring to his behaviour towards investors and startup ecosystem. In a strongly worded press statement, Yadav’s behaviour has been pinpointed as the reason for his sacking. The board believes that Yadav’s behaviour is not befitting of a CEO and it is detrimental to the company. Housing.com is known for its innovative approach to product development, brand building, acquisition and market expansion.
Housing.com board has already started hunt for new CEO and necessary transition plan is in place. As of now senior executives of the company will run the operations on a daily basis and the board will remain involved all major key decisions.
Rahul Yadav is known Spoilt Brat of Indian Startup for his antics. He had submitted resignations twice and was withdrawn subsequently. Rahul had called the board members as intellectually incapable and he did not wish to waste his waste on them. Later he had withdrawn his resignation.
Rahul had said on Zomato CEO Deepinder Goyal it was ‘a company scanning menus from past 7 years and doing no innovation.’ In another incident where Rahul addressed a town hall meeting of the company where he had said that he will give his personal stake to the employees of the company along with net worth of the stake.