(Image source from: Rahul Yadav Makes his mark by allotting his shares to staff})
Rahul Yadav has surprised the world with his new step, where he announced the distribution of his personal stake in the real estate e-commerce portal ‘Housing.com’ to his staff. The CEO of the portal owns shares worth of over Rs 150 crore, and he was in news as he withdrew his resignation from the firm after several turns.
The staff size of the e-commerce is the 2,251 employees. All these personnel were present during his announcement at the company townhall. "I'm just 26 and it's too early in life to get serious about money, etc," he said.
With this move, the employees will get benefit nearly equal to the their salaries for one year. The portal has got good name as they have connected all the players (of housing and real estate domain) across the world. Japan’s SoftBank invested $90 million funding in the startup. Company would use this fund to map over 40 million houses across 300 cities in India. Nexus Venture Partners, Helion Venture Partners, Qualcomm Ventures, Nirvana Ventures and Falcon Edge Capital are among the share holders of the firm.
The Mumbai-based company, Housing.com, was founded by a group of IITians in 2012. It offers services related to rental, sales, construction of the domestic and commercial projects chiefly.
-Kannamsai
