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Rahul Yadav

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For the Indian cricketer, see Rahul Yadav (cricketer).

Rahul Yadav
Born1989
Khairthal, Rajasthan, India
NationalityIndia
EducationIIT, Mumbai
Occupation(s)CTO Anarock Property Consultants (formerly JLL Residential),

Former Co-Founder& CEO Housing.com

Co-Founder of Intelligent Interfaces
Years active2012 to present
Known forHousing.com
Notable workHousing.com, exambaba
SpouseKarishma Khokhar

Rahul Yadav (born 1989) is an Indian entrepreneur, known as the co-founder and former CEO of real estate search portal Housing.com. For his work at Housing.com, Yadav made the Forbes India list of "30 Under 30" young entrepreneurs.[1] Called "bad boy of Indian startups"[2][3][4], he is often compared with Steve Jobs[5][6][7][8] for his product skills and brash behaviour with investors and media. Citing "I’m just 26 and it’s too early in life to get serious about money" for an interview in Financial Express[9], he distributed all of his personal equity in Housing.com, worth around 200 crore rupees, to its 2,251 employees.[10]

His dismissal as CEO by Housing.com's board of directors[11] attracted considerable media attention. Subsequently, Yadav announced his latest venture, Intelligent Interfaces which would assist companies and organisations in automating processes. The company is backed by Sachin Bansal and Binny Bansal, co-founders of the Indian e-commerce giant Flipkart and Youwecan ventures also announced that they would be participating in the seed round as well.[12]

Early life and career

Yadav was born to middle-class parents from Khairtal, Rajasthan.[13] He enrolled at Indian Institute of Technology Bombay in 2007, specialising in metallurgy.[13][14] He served as the representative and secretary for the university's student association.[15] 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.[13] In the process of building Exambaba.com, he had learned programming, which enabled him to subsequently design a series of Google applications. In 2012, he along with eleven other classmates co-founded Housing.com, after they had a difficult time finding accommodation in Mumbai.[13][16] He came up with a new venture related to virtual, augmented reality, and interfaces.

Housing.com

Housing.co.in was founded in 2012, and was later renamed 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.[17] 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.[18]

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.[19] According to Forbes India, Housing.com sold eight million dollars' worth of real estate in its first week.[1]

In June 2015, Rahul was fired by the company board citing "his behaviour towards investors, ecosystem and the media".[20] 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.[21]

Intelligent Interfaces

In September 2015, Rahul announced his new venture Intelligent Interfaces. The company had secured angel investment from co-founders of Flipkart,[22] Paytm,[23] YouWeCan and Micromax.[24] Intelligent Interfaces is reportedly a data analytics company and visualisation company catering to e-commerce companies.

Anarock

In July 2017, Rahul joined Anarock Property Consultants in the role of a Chief Product and Technology Officer. Rahul Yadav has left Anarock.

References

  1. ^ a b Griffin, Peter (20 February 2015). "30 Under 30". Forbes India. Retrieved 8 September 2015.
  2. ^ Pani, Priyanka (11 January 2018). "'Bad boy' of start-ups back in real-estate business". The Hindu.
  3. ^ Balachandran, Madhura Karnik, Manu; Balachandran, Madhura Karnik, Manu. "Timeline: The rise and fall of Rahul Yadav, the bad boy of Indian startups". Quartz India. Retrieved 9 March 2019.{{cite web}}: CS1 maint: multiple names: authors list (link)
  4. ^ "Indian Startup Ecosystem's Bad Boy Is Back To Take on Government With The Backing of Super Angels". Inc42 Media. 11 December 2015. Retrieved 9 March 2019.
  5. ^ Choudhary, Rajesh; Choudhary, Rajesh. "I'm an Indian entrepreneur—and I see a hint of Steve Jobs in Housing's Rahul Yadav". Quartz India. Retrieved 9 March 2019.
  6. ^ "What Steve Jobs 2.0 can teach Housing.com's Rahul Yadav 1.0". Founding Fuel. Retrieved 9 March 2019.
  7. ^ Balachandran, Manu; Balachandran, Manu. "Rahul Yadav: The bad boy of Indian startups is finally acting like an adult". Quartz India. Retrieved 9 March 2019.
  8. ^ "Housing CEO Rahul Yadav is no Steve Jobs, he must outperform to redeem his reputation". Firstpost. Retrieved 9 March 2019.
  9. ^ "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.
  10. ^ "Rs 200 cr gift to employees: Is Housing.com CEO Rahul Yadav the monk who sold his Ferrari?". Firstpost. Retrieved 14 March 2019.
  11. ^ Chawla, Haresh (3 July 2015). "The Rahul Yadav story you've never heard". Foundingfuel.com. Retrieved 8 September 2015.
  12. ^ "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.
  13. ^ a b c d "Finding Rahul Yadav". The business standard. 2015.{{cite news}}: CS1 maint: url-status (link)
  14. ^ Walia, Shelly (2 July 2015). "What Rahul Yadav's friends from IIT Bombay have to say about him". Quartz India. Retrieved 2 July 2015.
  15. ^ "Timeline: The rise and fall of Rahul Yadav, the bad boy of Indian startups". Quartz. 1 July 2015. Retrieved 4 September 2015.
  16. ^ Bhat, Shravan (21 February 2014). "Housing.com: Born out of its founders' house hunt". Forbes India. Retrieved 8 September 2015.
  17. ^ Peer, Nikita (30 June 2015). "Meet the real Rahul Yadav". TechinAsia. Retrieved 8 September 2015.
  18. ^ Chaudhary, Deepti (4 July 2015). "Rahul Yadav Unplugged". Forbes India. Retrieved 8 September 2015.
  19. ^ Pai, Vivek (25 November 2014). "Housing.com launches interactive home booking platform Slice View". Medianama.com. Retrieved 8 September 2015.
  20. ^ Shrivastava, Aditi (1 July 2015). "Housing.com CEO Rahul Yadav fired". The Times of India. ET Bureau. Retrieved 2 July 2015.
  21. ^ "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.
  22. ^ "Rahul Yadav back with e-governance startup; Flipkart's Bansals play angels | VCCircle". www.vccircle.com. Retrieved 25 December 2015.
  23. ^ "Rahul Yadav's 'Intelligent Interfaces' Gets Backing From Flipkart's Sachin And Binny Bansal - The Tech Portal". thetechportal.in. Retrieved 25 December 2015.
  24. ^ "Rahul Yadav Reportedly Launching a Data Analytics Company". NDTV Gadgets360.com. Retrieved 25 December 2015.
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