India Breaking Buzz

Meet guy, sacked from his own business, built a large Rs 1500 crore enterprise, donated Rs 200 crore

<p>Known as the “bad boy of startups,” Rahul Yadav used to be the most well-liked person in the Indian startup scene. With his fellow IIT alumni, Rahul Yadav launched multibillion dollar enterprises, including, in 2012, following in the footsteps of other well-known Indian billionaires. Rahul Yadav’s business was recognized as one of the most promising IT companies of that year. In its first week of operation, reportedly sold real estate valued at eight million dollars, according to Forbes India. Rahul Yadav was starting to become a familiar figure in the press as gained popularity every year. Many criticized him for his actions, even if others dubbed him the new Bill Gates.</p>
<p><img decoding=”async” class=”alignnone wp-image-500595″ src=”×733.jpeg” alt=” meet guy sacked from his own business built a large rs 1500 crore enterprise donat” width=”996″ height=”975″ title=”Meet guy, sacked from his own business, built a large Rs 1500 crore enterprise, donated Rs 200 crore 6″></p>
<p>After Japan’s SoftBank led an investment of Rs 550 crore in December 2014, valuing at Rs 1,500 crore, Rahul Yadav’s firm gained immense prominence. Rahul Yadav abruptly announced his contentious retirement from the firm after the massive push, but he then shocked everyone by saying he was sorry. A report surfaced in 2015 alleging that he had misbehaved with investors, the media, and other co-founders. It was also shown that he had received many warnings over his actions, but nothing changed. The firm board dismissed Rahul Yadav later that year because to “his behaviour towards investors, ecosystem, and the media.”</p>
<p>Before departing the firm, Rahul Yadav reportedly donated his shares, which were valued between Rs 150 and Rs 200 crore, to 2251 housing staff. Yadav made headlines last year as well when Info Age said it would carry out a forensic assessment on his firm, 4B Networks.</p>

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