In an email to Housing.Com's investors yesterday, Yadav had accused them of being 'intellectually incapable' of having a sensible conversation and gave them a notice period of seven days.
It was a regular day at work at Housing.Com's Mumbai office even as the news of its CEO and MD, Rahul Yadav, resigning hit headlines. Yadav accused his investors of intellectual bankruptcy and gave them a 7-day ultimatum to engineer a transition.
However, at the office of this real-estate startup, everything was calm as if nothing has happened. A source working at Housing.Com told dna, "It was a usual day at work for us. Nothing happened actually. This isn't the first time he has resigned and taken his resignation back. We have seen this so often that we knew the anti-climax."
The individual said that Yadav has had a spat with the investors many times and has resigned "a few times" before making a u-turn like on May 5.
Emails sent to Housing.Com did not gather any response.
Also Read: After resignation fiasco, Rahul Yadav back as CEO of housing.com
dna also reached out to Housing.Com investors; Helion Venture Partners and Nexus Venture Partners but none of the two replied to the emails. Calls to Suvir Sujan of Nexus Venture Partners went unanswered while Rahul Chandra, MD, Helion Venture Partners promised to call back but didn't.
The board of Housing.Com met on Tuesday to discuss the resignation of Yadav and the differences were amicably sorted out.
An investor who chose to remain anonymous said, "Yadav is eccentric but brilliant. This is the reason investors are going the extra mile to accommodate his high-handed attitude."
In an email to Housing.Com's investors yesterday, Yadav had accused them of being 'intellectually incapable' of having a sensible conversation and gave them a notice period of seven days.
He wrote, "I had calculated long back (by taking average life expectancy minus average sleeping hours) that I only have 3 lakh (hours) in my life. 3 lakh hours are certainly not much to waste with you guys."
Later in the day, he sent another email to his employees stating "I'm still your CEO. Have fun."
The investor said, "This isn't the first time Yadav has behaved this irrationally and acted out of impulse. He has done this in the past and has always apologised and withdrew this resignation."
In an interview to a website YourStory yesterday, Yadav admitted, ""I’ve always been like this. It was the deans during college and now it is the VCs."
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