Housing.com's Startup Shenanigans Agitate India's E-commerce Sector

One glorified startup in India’s sizzling e-commerce scene, Housing.com, is providing a much-needed reality check to the sector along with an unintended dose of mirth. Earlier this week, the CEO of the SoftBank-backed startup, Rahul Yadav, resigned after a public statement to the board that, “I don’t think you guys are intellectually capable enough to have any sensible discussion anymore.” Sure enough, he backtracked a day later and announced in an email to co-workers that it was just another day at Housing. “I am still your CEO, have fun” he said and appended that with a smiley emoticon.