Ex-CEO of Housing.com Rahul Yadav's new venture has been in the news lately, with three senior staff members from the online property firm reportedly joining his new startup. The latest rumours further substantiate the claim, and add the new startup is reportedly a data analytics and visualisation product that will be used by e-commerce firms.
In a news report published in the Financial Express on Thursday, Paytm founder Vijay Shekhar Sharma confirmed his investment in the venture. "He has an understanding of technology and we hope he has learnt his lesson and moved ahead," he is quoted as saying in the news report.
Housing.com had acquired risk assessment service provider Realty Business Intelligence for Rs. 10 crores in June, during Yadav's tenure as CEO, which is seen as a related tangent in the report.
The report says that Flipkart's Sachin Bansal and Micromax co-founder Rahul Sharma have also made a personal investment in Yadav's new venture. NDTV Gadgets hasn't been able to independently confirm the reports. Housing's board fired Yadav in July in a statement that cited his "behaviour towards investors, ecosystem, and the media."
Yadav made a cryptic post about his project on his Facebook profile, code naming it 'Intelligent Interfaces (ii)', inviting elite/hardcore gamers to enroll for product roles.Disclosure: Vijay Shekhar Sharma's One97 is an investor in NDTV's Gadgets 360.