Fairval

Notes on Indian equities, sectors and economy

Housing.com’s loveletter to Sequoia

Posted by fairval on March 12, 2015

This has been going around for 1-2 days, didn’t realise it was true. It seems Yadav is 26 year old, Housing.com was valued at Rs 1500 crore in the last round, where the company raised Rs 600 crore. According the The Economic Times, Housing reported losses of Rs 48.8 crore on revenue of Rs 1.9 crore for the financial year ended March 31, 2014. Anyone who can raise Rs 600 crore on revenues of Rs 2 crore, is certainly not to be messed with!

From: Rahul Yadav <rahul@housing.com>
Date: Fri, Mar 6, 2015 at 7:39 PM
Subject: Last straw
To: Shailendra Singh (Sequoia Capital India)

Dude,

I’ve been humble to you guys even after inhuman and unethical things that you’ve done with Housing in the past.

You know you personally are completely after Housing’s employees and are brainwashing them to open some stupid incubation.

If you don’t stop messing around with me, directly or even indirectly, I will vacate the best of your firm.

Also, this mark the beginning of the end of Sequoia Cap in India.

Try me 🙂

Enjoy Holi!

Cheers,

Rahul

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