Rahul Yadav has done it again and this time he blames it on the bureaucrats.
The former CEO of real-estate venture Housing.com is planning on give up entrepreneurship and taking up a simple job just five months after announcing his comeback startup venture called Intelligent Interfaces.
“Thinking of giving up on entrepreneurship and do a simple job. Will take decision by this weekend,” Yadav, who is often known as the bad boy of Indian startups, wrote on his Facebook timeline.
“Intelligent Interfaces (II) for government is not working out. Should I make it for enterprises or come back to real estate,” Yadav asked in the post.
The comeback venture was backed by Flipkart founders Sachin and Binny Bansal and cricketer Yuvraj Singh. “A 100x company needs a 100x team,” Yadav had said in December after Singh joined the venture, explaining that his new firm aimed at bringing efficiencies in the process of Indian government.
According to an Economic Times report, Bansal while backing Yadav had said that “he was doing something which is good for the country.” However, Yadav seems to have been unhappy with how the startup operations panned out.
“Out of all big countries, we’re the last in terms of development and quality of life (please don’t compare with Africa, Bangladesh etc)...Before this country could even start its economic growth, its metro cities have already given up (traffic jams in Bangalore, odd-even rule in Delhi, Pollution level in metro cities),” Yadav was quoted as saying by ET.
“Forget catching up to US or China...I really don’t know how to deal with stupid people. Be it Housing board members or these journalists. I just don’t,” he added.
Yadav also posted about is bitter experience with the government on Facebook. “Why Intelligent Interfaces is not working out because no government official is willing to take any decision in Delhi. All are afraid that even if they try to do something good, possibility is that they will be dragged in some sort of favoritism case by this country’s stupid media. Hence nobody wants to take any call even when they realise it’s a sensible solution.”