Has Housing.com CEO Rahul Yadav quit again? Twitter abuzz | business | Hindustan Times
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Has Housing.com CEO Rahul Yadav quit again? Twitter abuzz

business Updated: Jun 26, 2015 12:25 IST
HT Correspondent

Twitter was abuzz again with questions over Housing.com CEO Rahul Yadav’s possible resignation on Friday after media said the 26-year-old had written an email to the firm’s board of directors about him “not being CEO”.

According to ET Tech, Yadav, who had reportedly called fellow board members and investors intellectually incapable in a resignation letter recently and later withdrew it, has put in his papers.

"Thanks for the quick resolution. Do let me know wherever you guys need my help. Also, given my zero shareholding and not being CEO, I don't think I need to be on the board as well," the report quoted from Yadav’s email it claimed to have seen.

"After discussions with the board, Rahul has decided to step down," the report quoted a source with knowledge of the issue as saying. "There will be a board meeting within two weeks where this will be announced. He has let individual board members know," he said.

The “resignation” also resulted in another round of Twitter jokes on Yadav. “Rahul Yadav should start something which rivals Twitter.. like Quiter,” a user posted.

Another Twitter user @sumants posted: “So this is Rahul Yadav's favourite song: (YouTube link to song ‘Should I stay or should I go’)”

“Rahul Yadav quits again? He is like the arvind kejriwal of realty (sic),” Naomi Gupta tweeted.

Yadav is popular for taking digs at heads of technology-led businesses.

Recently, he had challenged Bhavish Aggarwal (head of taxi aggregator service Ola) and Zomato's Deepinder Goyal to give away half of their shares to employees.

When asked about his opinion on Deepinder Goyal and Zomato during a Reddit AMA (ask-me-anything) session, he said: "A company scanning menus from last 7 years and doing no innovation. And the CEO says 'Aww. So cute'."

He was also in news for the spat with the investors at Housing.com. Softbank-backed Housing.com was started in 2012 by 12 fellow classmates at IIT-Bombay and is seen as one of the most successful startups in the real estate space.

Apart from the $90-million funding led by Softbank, Housing.com has investors such as Helion Venture Partners, Nexus Venture Partners and Qualcomm Ventures on board.