can anyone outline what the backstory is? i feel like without knowing Rahul Yadav and what happened at Housing, this piece is hard to follow ...
This story reminds me of Boo.com during the dotcom boom. I wonder if india's startup culture is bubble and it is soon going to burst.
Rahul's is the story of the quintessential silicon valley startup founder, except he's in India and these stories are novelty.
When media contacted him if his company was acquired, he reportedly said yes to 50% of the journalists and no to 50% of the journalists "to have fun" - http://indianexpress.com/article/blogs/rahul-yadavs-latest-a...
This was apparently the last of a growing list of misdemeanors. So the board of directors asked him to step down.