Housing.com appoints Jason Kothari as CEO

Housing.com, an online real estate platform, has appointed Jason Kothari as its new Chief Executive Officer.

Kothari, who joined in the capacity of Chief Business Officer in August of this year, has been unanimously appointed by the Board of Directors today, the startup said in a press statement.

Kothari's appointment comes amid the rumour that the startup would be handing over pink slips to around 150-200 employees in an attempt to optimise costs. Officials at Housing declined to comment on the layoffs. This August, Housing had laid off 160 employees.

Prior to joining Housing.com, Jason was the co-founder and CEO of Valiant Entertainment, where he led the acquisition and turnaround of former $65 million worth unit of video game company Acclaim Entertainment, which owns and controls a library of popular entertainment characters, resulting in a 50 times company value increase. The Company raised over $300 million from leading strategic investors like the former CEO of Marvel and Chinese media conglomerate DMG Entertainment.
   
Kothari holds a Bachelor of Science from University of Pennsylvania's The Wharton School.

Earlier this week, Housing appointed Nikhil Rungta as its Chief Marketing Officer. Last month, Housing appointed Mani Rangarajan as Chief Financial Officer (CFO) to strengthen its senior management team.

Housing said, "Since August, Kothari has played an instrumental role on a number of key initiatives, including establishing a strong senior management team for the company, a strategic partnership with MCHI and CREDAI, India’s largest real estate developer body, the launch of first-of-its-kind product BRAND FALCON, among others."

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