Breaking: Rahul Yadav Fired From Housing Board


Official statement of Housing states,

“Mumbai based online realty platform,,(Housing) has released its CEO Rahul Yadav, with immediate effect, after a regular board meeting, held earlier today. Yadav who is also the co-founder of the company, will no longer be an employee of Housing and be associated with the company in any manner, going forward.

The Housing Board, unanimously agreed to bring Yadav’s tenure to a close, with reference to his behaviour towards investors, ecosystem and the media. The Board believed that his behavior is not befitting of a CEO and is detrimental to  the company, known for its innovative approach to product development, market expansion and brand building.

While the search for an interim CEO is underway, a transition plan has been put in place, The current senior executives of Housing will continue to run the operations on a daily basis, and ensure its continued smooth functioning.   The Board and the Operating Committee will remain closely involved with all key decisions.

The Housing Board, investors, management team and employees are keen to see Housing maximize its huge potential in India and beyond, as well as run in professional and world class manner.   This is part of their larger commitment to India and the start-up ecosystem, which together remains unaffected and as strong as ever.

The Board thanks Yadav for his contributions and wishes him well, in his future endeavours.”


Rahul Yadav, CEO of Housing has been fired from the board of the company. His behaviour towards investors, partners and media have been the reason for this step being taken by the board.

“The board believed that his behaviour is not befitting of a CEO and is detrimental to the company,” said a person close to the development.

Screen Shot 2015-07-01 at 2.34.18 pm

According to ET, which first reported about this development, he was asked to leave the premises immediately after the meeting. Even local police was also called in case anything happens but Rahul left the premises without any incident.

The company is now searching for interim CEO.

Related: Rahul Yadav Dethrones Kunal Bahl As The New PR King Of The Startup World

[Story is developing]

Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

Unlock 60% OFF
Cancel Anytime
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Breaking: Rahul Yadav Fired From Housing Board-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Breaking: Rahul Yadav Fired From Housing Board-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Breaking: Rahul Yadav Fired From Housing Board-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Breaking: Rahul Yadav Fired From Housing Board-Inc42 Media
Breaking: Rahul Yadav Fired From Housing Board-Inc42 Media
You’re in Good company