Housing.com's Startup Shenanigans Agitate India's E-commerce Sector

One glorified startup in India’s sizzling e-commerce scene, Housing.com, is providing a much-needed reality check to the sector along with an unintended dose of mirth. Last week, the CEO of the Softbank-backed startup Rahul Yadav resigned after a public statement to the board that, “I don’t think you guys are intellectually capable enough to have any sensible discussion anymore.” Sure enough, he backtracked days later and announced in an email to co-workers that it was just another day at Housing. “I am still your CEO, have fun” he said and appended that with a smiley emoticon.