Chief operating officer Rishabh Gupta becomes Housing.com’s interim chief executive

NEW DELHI: Realty portal Housing.com has named chief operating officer Rishabh Gupta as interim chief executive, a week after cofounder and former CEO Rahul Yadav was fired for bad behaviour. His appointment is effective immediately, Jonathan Bullock, SoftBank’s representative on Housing’s board, said in an internal email titled ‘ Moving forward & Looking up’. SoftBank is the largest stakeholder in the company.

“We believe and expect that his principled leadership, tenacity, and determination will position us well,” Bullock said in the email sent to Housing employees on Thursday evening, which ET has seen.

Gupta, a former Flipkart employee, had been effectively running Housing during the past few months of turmoil in the company because of Yadav’s run-ins with investors and others. Gupta, Housing’s first angel investor Haresh Chawla, and chief technical officer Abhishek Anand will also join a recently constituted operating committee.

“These changes are both timely and necessary,” Bullock said in his email. Last week, the Housing board fired Yadav as CEO.