Housing.com moves on, elevates COO Rishabh Gupta as interim CEO

After firing Rahul Yadav from CEO’s post, Housing.com named Chief Operating Officer Rishabh Gupta as interim chief executive.
The real estate portal had fired Rahul Yadav for bad behaviour.

Meanwhile, Softbank’s representative on Housing.com’s board, Jonathan Bullock, said that Gupta’s appointment was from immediate effect.
SoftBank is the largest stakeholder in the company.

"We believe and expect that his principled leadership, tenacity, and determination will position us well," Bullock said in an internal email sent to Housing employees.

Gupta has been running Housing effectively during the past few months.

Housing was started in 2012 by a dozen college-mates from IIT-Mumbai and four of them including Yadav now have left the company.
SoftBank has 32% stake in Housing, Investor Nexus venture owns about 19% stake, while Helion Ventures and Falcon Edge have about 10% each.

"India's real estate market is a winner-takes-all race, with a multi-billion dollar prize. With the best product, and the best team, we have put ourselves absolutely in pole position, but this race is just beginning," Bullock said in his email.