Three more co-founders exit Housing.com

Softbank-backed real estate portal Housing.com witnessed the exit of its three co-founders preceded by the exit of its co-founder Advitiya Sharma last month. Rahul Yadav, CEO and co-founder of the website left the company last year. 

Sharma was the fifth of the nine co-founders to quit the company. 

Abhishek Anand, Ravish Naresh and Sanat Ghosh, co-founders of Mumbai-based house selling portal, owned and operated by Locon Solutions Private Ltd, have quit the company two weeks ago to launch their own venture, Livemint reported. 

These four co-founders have left the organisation within a one-year period after Housing.com's board asked its co-founder and then the chief executive officer (CEO) Rahul Yadav to resign from the company's board in July last year. 

“Abhishek, Ravish and Sanat played an important role in building the foundation of Housing.com. They are moving out to pursue their new dream of starting another new venture,” reported Livemint quoting Kothari as stating in an e-mail. 

Housing.com is backed by the Softbank and it was founded by 12 students of Indian Institute of Technology-Bombay (IIT-B) in 2012.  The portal has raised so far over $100 million (nearly Rs 665.3 crore) in capital from leading investors, including SoftBank, Nexus Ventures, Falcon Edge and Helion Ventures. 

(With PTI Inputs)