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
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