New Delhi: Realty portal Housing.com has appointed Rishabh Gupta as interim chief executive officer after it sacked co-founder and ex-CEO Rahul Yadav last week. Gupta, who is currently chief operating officer (COO) in the SoftBank-backed portal, has been named as interim CEO with immediate effect, people aware of the development said.

Rishabh Gupta, Haresh Chawla and Abhishek Anand (chief technical officer) will be joining the company’s operating committee, they added. On 1 July, Housing.com’s board had sacked Yadav with immediate effect.

“The board believed that his behaviour is not befitting of a CEO and is detrimental to the company, known for its innovative approach to product development, market expansion and brand building," the statement had said. Yadav had been in the thick of a controversy after he questioned the intellectual capability of the board and had put in his papers on 5 May.

Later he apologized and withdrew his resignation. Last month, he hogged the limelight again when he gave away all his holding, worth about 200 crore, in the company to the employees. In December last year, Housing.com had raised $90 million through private equity infusion from SoftBank Group along with Falcon Edge and other existing investors.

SoftBank has over 30% stake in the company. Within two years of its founding, the company has expanded from its original rent and resale proposition to include PGs and hostels, serviced apartments, land, plot projects, and new projects. Housing.com currently has more than 2,551 employees in over 100 cities across India.

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