Advitiya Sharma, cofounder at Housing.com, has resigned to start a new business, nine months after the online property classified's board fired cofounder and former chief executive Rahul Yadav. 

"The toughest phase in our history were the last 9 months. Nothing haunts a team more than a threat to the survival of what they stand for," Sharma wrote in his farewell email to employees, referring to the shutting down of a few departments and the restructuring of the company under a new management. "The leadership team's hard work is now taking shape. It is with great attachment that I choose to detach and walk a different path," he said. 

Jason Kothari, who is the CEO of Housing said to People Matters, "Advitiya has played an invaluable role in the birth of Housing.  It's always hard to say bye to a friend and colleague, but we're excited about what he will create next. The Company is successfully executing its plan to become the most trusted, transparent and efficient place for buying and selling homes in the country, and Advitiya can be rest assured that Housing is in good hands".

In November, Housing promoted Kothari as the chief executive officer. Prior to joining Housing, he was the co-founder and the CEO at US-based Valiant Entertainment.