Rahul Yadav

Last updated

Rahul Yadav
Born1989 (age 34–35)
Khairthal, Rajasthan, India
Education IIT Bombay
Occupations
  • Former CTO - Anarock Property Consultants (formerly JLL Residential)
  • Former co-founder & CEO Housing.com
  • Co-founder of Intelligent Interfaces
Years active2012–present
Known forHousing.com brokernetwork
Notable workHousing.com, exambaba, Broker network
SpouseKarishma Khokhar

Rahul Yadav (born 1989) is an Indian entrepreneur best known for being the co-founder and former CEO of Indian real estate search portal Housing.com.

Contents

Citing his young age, [1] he distributed all of his personal equity in Housing.com, worth around 200 crore rupees, to its 2,251 employees. [2] His dismissal as CEO by Housing.com's board of directors [3] attracted considerable media attention. Subsequently, Yadav announced his latest venture, Intelligent Interfaces which would assist companies and organisations in automating processes. [4]

Early life and education

Yadav was born to middle-class parents from Khairtal, Rajasthan in 1989. [5] He enrolled at the Indian Institute of Technology Bombay in 2007, specialising in metallurgy. [5] [6] He served as the representative and secretary for the university's student association. [7] After first building Exambaba.com, an online question bank of old exam papers that IIT Bombay asked Yadav to close, Rahul dropped out of college in his final year. [5] In the process of building Exambaba.com, he had learned programming, which enabled him to subsequently design a series of Google applications.

Housing.com

Housing.co.in was founded in 2012, by Yadav along with eleven other classmates, after they had a difficult time finding accommodation in Mumbai. [5] [8] The portal was later renamed to Housing.com. Yadav says that he started up Housing.com in response to a severe housing shortage in India. By mid-2015, under Yadav's leadership, Housing.com had three offices in Powai, a suburb of Mumbai. [9] The site aims to increase transparency in the real estate market. Its original line-up of products include map-based rental search, verified purchase of apartments, buildings and even land in villages and rural areas and 'Slice View' which allows customers to take a virtual tour of chosen properties of big real estate companies. Having successfully solicited major investors to back the site, Yadav retained only a five per cent share in the business which later made it possible for investors to oust him. [10]

Housing.com was named one of the hottest tech startups in 2012. SoftBank was among its funding partners, and the fledgling company also partnered with Tata Housing and Tata Value Homes. [11] According to Forbes India, Housing.com sold eight million dollars' worth of real estate in its first week. [12]

In June 2015, Rahul was fired by the company board citing "his behaviour towards investors, ecosystem and the media". [13] The shares of his business that Yadav donated to his former employees was considered to be the equivalent to a year's salary. In an apparent explanation of his actions, Yadav said, "I'm just 26 and it's too early in life to get serious about money, etc," in an interview with the Financial Express. [14]

Intelligent Interfaces

In September 2015, Yadav announced his new venture Intelligent Interfaces. Intelligent Interfaces is reportedly a data analytics company and visualisation company which caters to e-commerce companies. [15] [16] [17]

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References

  1. ↑ "Housing.com CEO Rahul Yadav gives away all his Rs 200 cr worth shares to 2,251 employees". The Financial Express. 13 May 2015. Retrieved 14 March 2019.
  2. ↑ "Rs 200 cr gift to employees: Is Housing.com CEO Rahul Yadav the monk who sold his Ferrari?". Firstpost. Retrieved 14 March 2019.
  3. ↑ Chawla, Haresh (3 July 2015). "The Rahul Yadav story you've never heard". Foundingfuel.com. Retrieved 8 September 2015.
  4. ↑ "Yuvraj Singh's firm YouWeCan Ventures makes seed investment in Rahul Yadav's Intelligent Interfaces - The Economic Times". The Economic Times. Retrieved 31 December 2015.
  5. 1 2 3 4 "Finding Rahul Yadav". The business standard. 2015.
  6. ↑ Walia, Shelly (2 July 2015). "What Rahul Yadav's friends from IIT Bombay have to say about him". Quartz India. Retrieved 2 July 2015.
  7. ↑ "Timeline: The rise and fall of Rahul Yadav, the bad boy of Indian startups". Quartz. 1 July 2015. Retrieved 4 September 2015.
  8. ↑ Bhat, Shravan (21 February 2014). "Housing.com: Born out of its founders' house hunt". Forbes India. Retrieved 8 September 2015.
  9. ↑ Peer, Nikita (30 June 2015). "Meet the real Rahul Yadav". TechinAsia. Retrieved 8 September 2015.
  10. ↑ Chaudhary, Deepti (4 July 2015). "Rahul Yadav Unplugged". Forbes India. Retrieved 8 September 2015.
  11. ↑ Pai, Vivek (25 November 2014). "Housing.com launches interactive home booking platform Slice View". Medianama.com. Retrieved 8 September 2015.
  12. ↑ Griffin, Peter (20 February 2015). "30 Under 30". Forbes India. Retrieved 8 September 2015.
  13. ↑ Shrivastava, Aditi (1 July 2015). "Housing.com CEO Rahul Yadav fired". The Times of India. ET Bureau. Retrieved 2 July 2015.
  14. ↑ "Housing.com CEO Rahul Yadav gives away all his Rs 200 cr worth shares to 2,251 employees". Financialexpress.com. 15 May 2015. Retrieved 8 September 2015.
  15. ↑ "Rahul Yadav back with e-governance startup; Flipkart's Bansals play angels | VCCircle". www.vccircle.com. Retrieved 25 December 2015.
  16. ↑ "Rahul Yadav's 'Intelligent Interfaces' Gets Backing From Flipkart's Sachin And Binny Bansal - The Tech Portal". thetechportal.in. Retrieved 25 December 2015.
  17. ↑ "Rahul Yadav Reportedly Launching a Data Analytics Company". NDTV Gadgets360.com. Retrieved 25 December 2015.
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