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Ten days after firing its CEO Rahul Yadav, realty portal Housing.com has appointed Rishabh Gupta as the interim chief executive officer of the start-up.
Gupta, currently Chief Operating Officer (COO) at Housing, will join Haresh Chawla and Abhishek Anand (Chief Technical Officer) to be part of the company's operating committee. Haresh Chawla, former group chief executive officer of Network18 and Viacom18 Media, is also an investor in the company.
In July 1, the Housing board had sacked Yadav with immediate effect citing his behaviour towards investors, ecosystem and media as one not befitting a CEO.
"The Board believed that 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," Housing said. Yadav, the release said, would “no longer be an employee of Housing and be associated with the company in any manner, going forward."
The company added that the search for an interim CEO was underway, a transition plan has been put in place, the current senior executives of Housing will continue to run the operations on a daily basis, and ensure its continued smooth functioning. "The Board and the operating committee will remain closely involved with all key decisions."
Housing was set up 2012 by 12 IIT Bombay graduates of which three left the company. It has emerged one of the most promising start-ups in recent years with investors betting bet big on housing, pumping in over $121 million in four rounds of funding so far.
Venture capitalists hold over 70% in the company, the chief among them being Japanese telecom giant SoftBank. Other investors include Nexus Venture Partners, Helion Venture Partners, Falconedge and Zishaan Hayath, co-founder of Toppr.com.
