Info Edge, the parent company of the popular real estate portal 99acres, has filed a First Information Report (FIR) against Rahul Yadav, the founder of Housing.com, over allegations of fraud in his new real estate startup.
Info Edge99acresRahul YadavReal EstateFirReal Estate MumbaiDec 01, 2024
Info Edge is known for owning and operating various online platforms, with 99acres being its flagship real estate portal. It has a strong presence in the Indian online services industry.
Info Edge invested Rs 288 crore in Rahul Yadav's new real estate startup in 2021-22.
Info Edge filed an FIR against Rahul Yadav, alleging that he has been involved in a broker network fraud, misleading investors and misusing company resources.
The legal battle between Info Edge and Rahul Yadav could have far-reaching implications for the real estate industry in India, including more stringent regulations and oversight.
99acres is a popular real estate portal launched in 1997 by Info Edge. It serves as a platform for buyers, sellers, and brokers to connect and transact in the Indian real estate market.
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