Has Housing.com CEO Rahul Yadav resigned again or not? On Thursday evening, that was the question on the minds of all who closely watch Indian startup space and everyone who has been tracking the CEO’s recent shenanigans. First ET Tech reported that Yadav, who has courted many controversies in a short span of one year’s time, has quit. But then the news paper pulled down the report, leaving people wondering whether he has indeed quit. Later the newspaper
republished the story
, with more quotes from sources, but still with no official confirmation. “Thanks for the quick resolution. Do let me know wherever you guys need my help. Also, given my zero shareholding and not being CEO, I don’t think I need to be on the board as well,” the ET report quotes from the email Yadav sent to the board of directors. [caption id=“attachment_2313236” align=“alignleft” width=“380”]
Yadav has not confirmed his resignation. Image courtesy: Facebook[/caption] According to the report, this time round the resignation comes at the behest of the board. This is the second time Yadav is quitting the post in as many months. On 5 May, Yadav
had turned in his papers
questioning the ‘intellectual capability’ of the board members. He later apologised and returned. Nobody has confirmed the development so far. Moreover, Yadav himself mocked the ET report on Thursday. “Why do you need a girlfriend when you have Times Group,” he said in a Facebook post soon after the newspaper broke the news. Also the company clarified to Medianama that he has not quit. “Responding to a query from MediaNama, Housing.com has said that Rahul Yadav has not resigned from the post of chief executive officer of the company,” the
report
on Medianama said. But the ET report published later cited a source as saying that Yadav has decided to step down after discussions with the board. The source has told the newspaper that there will be a board meeting in 2 weeks, where his resignation will be announced. Yadav has always been a controversial figure in the startup space. He earlier had a public spat with Sequoia Capital’s Shailendra Singh over poaching of staff, took on the Economic Times publicly over the leaked emails on which the Sequoia story was based (Times group’s Magicbricks is a direct competitor of Housing), and, also challenged his own firm’s board. After his return Yadav was the talk of the town was his decision to part with his stake in the company in favour of its 2500-odd employees. “I’ve always been like this. It was the deans during college and now it is the VCs,” Ydav, an IIT-Bombay drop-out, had told Yourstory in an interview just before the earlier resignation drama. (Read the Firstpost report on his epic saga
here
.) This carefully maintained image has made Yadav a favourite of the Twitteratti. And as news of his resignation emerged, Rahul Yadav started trending on Twitter. Most of them criticised him for being childish and mocked his re-resignation. Here are some of the tweets:
)