Rahul Yadav latest start-up adventure fails to take off

Intelligent Interfaces was being designed to use data analytics to 'streamline processes for government'

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Housing.com's outspoken co-founder Rahul Yadav, in typical style, announced that another venture of his has failed. The company called Intelligent Interfaces was being designed to use data analytics to "streamline processes for the government".

In July, when Yadav was removed from his company, he had sworn to start his own company soon. He had published a post on Facebook claiming that he would launch a company by August 15. The dates kept getting pushed.

Then in December, he announced that he had raised money from Sachin and Binny Bansal from Flipkart, Yuvraj Singh's seed fund venture, and reportedly Vijay Shekhar Sharma from Paytm. Whispers said that he raised cash in the millions.

He was supposed to revolutionise how the government functions. He was the new Rahul Yadav who was calmer, more empathetic, more responsible and less brash. But that isn't how it all worked out. He valued his company, which did not have any clients at the time at Rs 170 crore.

But a recent report by Inc42 revealed that the IIT dropout had raised just about Rs 3 crore, which he managed to blow through within three months. The report said that in that Rs 3 crore, he reimbursed himself Rs 1.5 crore for a trip he took to Silicon Valley before starting the company.

Yadav in a separate post then blamed "government officials for not taking any decision". He had, however, hinted that another real estate venture may be in the offing. He had founded Rental Solutions Private Limited in March this year, which will be in the business of "renting properties, homes, land and building". Curiously, Housing in its latest streamlining effort got rid of rental to focus on buy-and-sell. It could be a return to where he started.

Meanwhile in his latest Facebook post, Rahul Yadav has hinted that he might exit entreneurship and take up employment.