The former Housing CEO’s Big Data startup Intelligent Interfaces aims to improve efficiency in governance in India
He may have rubbed a number of people (including investors) the wrong way while at the helm of leading real estate portal Housing.com, but Rahul Yadav seems to have gained strength from the episode to get the backing of a prominent sports figure in India for his new startup.
Ace cricketer Yuvraj Singh’s early-stage VC fund YouWeCan Ventures has made a seed investment in Yadav’s new venture Intelligent Interfaces, which aims to improve efficiency in governance.
The startup has also roped in Azeem Zainulbhai, son of former McKinsey India chief Adil Zainulbhai, as a Co-founder.
“Proud to back Rahul Yadav and Intelligent Interfaces (ii) in helping the government govern 100x better with the help of technology. Get ready for the (r)evolution!,” Yuvraj Singh wrote in a Facebook post.
While sharing the post on his page, Yadav wrote: “A 100x company needs 100x team!”.
According to reports, Flipkart Co-founders Sachin and Binny Bansal have already made an undisclosed amount of seed investment in Yadav’s company.
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Yadav caught the attention of the startup world after his heated email exchange with Sequoia Capital MD Shailendra Singh, who allegedly tried to poach one of his employees at Housing.
This was followed by his infamous fight with Housing’s board members and investors, after calling them “intellectually capable enough to have any sensible discussion anymore.” His numerous rants were enough to lead to his unceremonious ousting from the real estate startup in July this year.
In September, he had written about his new venture on his Facebook page saying “The codename is: “Intelligent Interfaces (ii)” Designing the next gen Interfaces.
YouWeCan Ventures is a US$10 million VC fund launched by the cricketer with business associate Nishant Singhal. The fund made its debut in April this year by investing an undisclosed amount in Vyomo, a mobile marketplace for beauty and wellness.
YouWeCan aims to back Internet startups in India. Singh holds over 80 per cent stake in the VC firm while Singhal holds the rest. YouWeCan has also identified a few more startups in the travel and tourism, healthcare, sports, fashion and real estate spaces.
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