Rise My Venture team heard about an entrepreneur and former CEO of Housing.com Rahul Yadav new venture, and has smartly christened it “Intelligent Interfaces”. The product — which has been ‘publicly in stealth’, has already received angel funding from some of India’s most prominent entrepreneurs – Sachin Bansal and Binny Bansal of Flipkart and Vijay Shekhar Sharma of Paytm.
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Although, no information has been revealed related to the financing of this angel funding round, the startup is aimed at bringing efficiency in various processes involved within the Indian government. Rahul Yadav said:
The startup will be an interface that will be used by government officials. I see very large businesses that can be created in partnerships with government.
Rahul confirmed the news about the angel funding from Sachin and Binny Bansal and he also said that the company is not going to take any more money from others, as of now. This puts all the rumors regarding him raising money from other big Indian companies at rest.
In September some time, it was reported that Vijay Shekhar Sharma, CEO and co-founder of PayTM had invested an undisclosed amount in Rahul Yadav’s upcoming startup.
Earlier, in July this year, Rahul Yadav was fired from his role of a Chief Executive Officer from Housing.com by the company’s board after a series of incidents including and not limited to feud with investors, public spats with media and others.
In September, Rahul posted the following on his Facebook wall:
- The codename is: “Intelligent Interfaces (ii)”
- Designing the next gen Interfaces. #AR #AI #HoloLense #MagicLeap#Cortana #Siri #Maths #Design #UI #UX
- Elite/Hardcore gamers can directly ping me for the Product roles.
- (Interns are most welcome. No business/sales/ops roles please. I’ll respond by weekend to pings)
This article has been well researched by Rise My Venture team.