Housing.com CEO Rahul Yadav gives away his shares to all Housing.com employees

It is not every day that one wakes up to such startup news trending in the nation.

Yesterday, on 13th May 2015, Housing.com’s CEO, Mr. Rahul Yadav decided to donate all his persona equity worth Rs. 150 – 200 crores among all his 2251. Each employee will approximately get one year’s of their annual salaries worth of Housing.com stocks. However, the board is yet to approve of this allotment.

“I’m just 26 and it’s too early in life to get serious about money, etc,” he said when asked why he took such a step. “Every employee of Housing.com is now a company shareholder,” the company said in a statement yesterday.

Housing.com was started in Mumbai by Mr. Yadav and 11 other friends from IIT Bombay in 2012 and today it is one of the hottest tech startups in the country as it modernized housing searches over the web by introducing sophisticated visual tools. “To out-see, out-think and out-do for our customers and for our industry. By innovating and using technology, we make buying, selling, renting and investing in real estate easier and quicker, giving people what they demand – trust and transparency.” Quoted is their vision on their official website.

While explaining the reason behind his move, Yadav said, “Housing was started because of two reasons. First, house hunting problem is unsolved globally. Just the problem statement gives me a lot of kick. Second, in each and every country, there are 4-5 players doing the same poor job and still not able to solve the problem. Across the globe there are 500-plus players. We want to unify all and create a global giant for real estate so that the one company can afford much higher level of R&D and Technological innovation to push the category forward.”

Recently, Rahul Yadav was in the news because of his decision to resign as the CEO of Housing.com in April because of some differences with the investors. Later, he withdrew his resignation, after a meeting with all the board of directors and investors.

Rahul Yadav trended on twitter for some time and created quite an uproar among the twitterati.

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