Reason behind failure of Rahul Yadav's Intelligent Interfaces

“Intelligent Interfaces (II) for government is not working out. Should I make it for enterprises or come back to real estate,” Yadav posted

Nearly five months after announcing his comeback startup in Intelligent Interfaces, former Housing CEO Rahul Yadav has decided to shut shop, give up on entrepreneurship and is now planning to take up a simple job.

"Thinking of giving up on entrepreneurship and do a simple job. Will take decision by this weekend," Yadav, often dubbed as the bad boy of Indian startups, said in a Facebook post.

The post comes barely days after Yadav said his second venture had failed to take off.

"Intelligent Interfaces (II) for government is not working out. Should I make it for enterprises or come back to real estate," Yadav posted.

Intelligent Interfaces had the backing of Flipkart founders Sachin and Binny Bansal and cricketer Yuvraj Singh. "A 100x company needs a 100x team," Yadav had said in December after Singh came on board, adding that his new firm aimed at bringing efficiencies in the process of Indian government.

Sachin Bansal, while confirming the investment to ET last year, said he was backing Yadav as "he was doing something which is good for the country".

But Yadav, it seems, is not happy with how the whole thing panned out. "Out of all big countries, we're the last in terms of development and quality of life (please don't compare with Africa, Bangladesh etc)...Before this country could even start its economic growth, its metro cities have already given up (traffic jams in Bangalore, odd-even rule in Delhi, Pollution level in metro cities)," Yadav said.

"Forget catching up to US or China...I really don't know how to deal with stupid people. Be it Housing board members or these journalists. I just don't".

Yadav in another Facebook post claimed the government experience had left him bitter.

"Why Intelligent Interfaces is not working out because no government official is willing to take any decision in Delhi. All are afraid that even if they try to do something good, possibility is that they will be dragged in some sort of favoritism case by this country's stupid media. Hence nobody wants to take any call even when they realise it's a sensible solution."

Yadav was reacting to a recent report that claimed that IIT dropout had only managed to raise Rs 3 crore against his assumed valuation of Rs 170 crore for Intelligent Interfaces. The report further claimed that of the Rs 3 crore, Yadav spent Rs 1.5 crore for a trip to the US.

source: techgig