Former Housing.com CEO, Rahul Yadav, is no stranger to controversies. From describing his peers as intellectually incapable and calling out his investors publicly, and Yadav’s stint at Housing.com was nothing short of dramatic. During the entire episode, Rahul Yadav became infamous and raised questions about VC’s pouring money on young, unprofessional talent. Not the one to be bogged down, Yadav started Intelligent Interfaces, which was backed by the likes of Yuvraj Singh and Flipkart co-founders Sachin and Binny Bansal and Paytm. The startup was supposed to help government agencies digitize their operations but it seems the plan isn’t working out.Earlier this week, Yadav posted on Facebook that his startup wasn t able to work with the government, and contemplated to return to real estate sector or pitch the startup to enterprise. His post led to all sorts of speculations that the startup had failed even before it could see a full-fledged launch. According to an INC42.com report, only a handful of the team is remaining with the startup and it had already spent the money it had raised. The report also claimed that Yadav is already working on other companies for last three months. Also Read - Housing.com announces layoffs to restructure its businessAlso Read - Reliance Jio's SVP Nikhil Rungta joins Housing.com as Chief Marketing Officer
After the story went viral, Yadav took to social media to deny all claims made in the report. He clarified that he had just booked a few names and domain names, and these aren t companies. Though he also admitted having difficulties working with government departments. Also Read - Rahul Yadav secures funding from Paytm, Flipkart for his new startup
Why II for government is not working out because no govt official is willing to take any decision in Delhi. All are afraid that even if they try to do something good, possibility is that they will be dragged in some sort of favoritism case by this country’s stupid media. Hence nobody wants to take any call even when they realize it’s a sensible solution, he wrote in a detailed blog post.
Though details about services and products to be offered by Intelligent Interfaces are scarce, the company has said it will be based on augmented reality and artificial intelligence. The startup reportedly aims to work closely with the governments to use technology tools to save cost and expedite service delivery. However, it hasn’t really shown off anything so far.
Yadav also went on to take potshots at the media for allegedly showing him in a bad light. Forget catching up to US or China. Till you have stupid journalists in this country, there’s no hope. No one will come forward or will try to take the responsibility or fix anything, he added.
Following Yadav s exit from Housing.com, several co-founders have left the company to start their own startups. Former Housing.com co-founders Abhimanyu Dhamija and Saurabh Goel launched Amber Wellness, an online beauty startup, which was later shut down. Housing.com currently has only three original co-founders left — Snehil Buxy, chief product officer; Jaspreet Saluja, head, data operations; and Amrit Raj, head of digital marketing .