wordpress blog stats
Connect with us

Hi, what are you looking for?

Updated: Investors considering removing Housing.com Rahul Yadav as CEO: report

Housing
Housing

Update: Helion Venture Partners' senior managing director Ashish Gupta has told Techcircle.in that "there is no basis" to reports that mention investors are looking to replace Housing.com CEO Rahul Yadav. The report also mentions that Yadav, in an internal mail, claimed that Times Internet owned online real estate portal Magicbricks.com is currently trying to "malign Housing's position in India" while it closes a round of funding in the US. In the mail, he apparently also points to an ET report that had erroneously connected Yadav to the unfortunate late-night car accident involving Housing co-founder Advitya Sharma. ET has corrected the error since then. The report had also claimed that under Yadav's leadership the company was spending about $8-10 million every month, to which Yadav it seems has written in the mail: After paying for past and upcoming marketing blasts’ advances as well, we still have $75Mn+ in our bank. Ola cabs raised $200Mn. We raised $90Mn. Almost at the same time. Their cash burn is 125Cr per month and ours

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ