"I'll be back in 30 days," says former CEO Rahul Yadav

16 Jul, 2015

Rahul Yadav, who co-founded and headed before being ousted as its CEO and employee by the company's board on July 1, claims that he will make a '100x' comeback within the next 30 days.

On his Facebook page, Yadav posted: "I'll be back...this time with 100x.... [10x of last formula (10x)] 30 days to go. Is the world ready?" Further, he added: "If the path is smooth, dig your own holes... Just to become stronger. Just to make things interesting..."

This suggests Yadav is doing the groundwork for a new startup.

It would be interesting to see if Yadav tries to stick to the online real estate domain- a space he understands well- and how it goes down with his former batchmates who are still with or its investors. There is no official word on what he plans to do next, though.

Yadav did not respond to phone calls or text messages till the time of writing this report.

On July 1, the board of SoftBank and Falcon Edge-backed Housing sacked Yadav for his behaviour with investors, media and other stakeholders. "The board believes his behaviour 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," the company had said then.

Last week, the company appointed Rishabh Gupta as the interim CEO of the realty portal. board had mandated executive search firm Spencer Stuart to find external CEO candidates as differences between Yadav and investors started brewing a few months ago.

While the company has been struggling to fend off distractions and controversies after Yadav's exit, its website was hacked a few days ago, in what appeared to be an expression of solidarity to the co-founder and former CEO.