Rahul Yadav, the ex-chief executive officer of realty portal Housing.com will launch his new venture soon, sources said.
The 26-year old had last month said on social networking site Facebook that he would be back with his new venture in a month's time. Sources added that Yadav had been in talks with some investors for funding.
“I'll be back...this time with 100x.... [10x of last formula (10x)] 30 days to go. Is the world ready?” said Yadav on his Facebook post adding, “If the path is smooth, dig your own holes. If no challenges, create them on your own. Just for the sake of practice. Just to push yourself to the extreme. Just to become stronger. Just to make things interesting. Just to make things fun.”
On July 1, Housing.com’s board sacked Yadav for his behaviour with the investors and media. “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 said.
In 2012, Yadav, along with his batchmates from Indian Institute of Technology- Bombay, co-founded Housing.com. The company has emerged as one of the most promising start-ups in recent years, with investors betting big on it, pumping in $121 million in four funding rounds so far.
Yadav has been hitting headlines even after his exit from the company. A week after Yadav left, Housing's website was hacked and Yadav was alleged to be behind the act. However, Yadav announced on his Facebook page that he was not involved in the act.
Post his ouster from Housing.com, Yadav posted pictures of his apartment, saying he was vacating it as he could not afford its rent anymore. Later he solicited a girl friend on the social networking site. Yadav has 49,235 followers on Facebook.