Ambareesh Murty, Co-Founder and CEO of Pepperfry, Passes Away in Leh After Cardiac Arrest
Ambareesh Murty, the co-founder and CEO of Pepperfry, passed away after a cardiac attack on August 7 at night in Leh.
In a tweet sent out on Tuesday morning, Pepperfry’s other co-founder, Ashish Shah, wrote: “Extremely devastated to learn that my friend, mentor, brother, and soulmate @AmbareeshMurty has passed away. He passed away last night in Leh due to a heart attack. Please offer prayers for him as well as his family and close friends.
Murty earned an engineering degree from the Delhi College of Technology. The Indian Institute of Management in Calcutta (IIMC) is where he received his MBA. Murty made his business debut 27 years ago when he joined Cadbury as a management trainee. For almost five and a half years, he was employed by the producer of chocolate.
On Twitter, condolences came in for the ardent rider who had previously traveled by motorcycle from Mumbai to Leh.
Murty entered the financial industry and contributed his knowledge to Prudential ICICI AMC (now ICICI Prudential). He served as vice president of marketing and customer service for over two years.
He then worked for Levi’s for a short five-month period before starting his own business, Origin Resources. This website was created with Indian mutual fund businesses in mind.
In 2005, he shut down the startup and accepted a marketing manager position at Britannia.
Murty joined eBay India seven months later and served as the nation manager for the Philippines, Malaysia, and India. Six years later, in June 2011, Murty and Ashish Shah launched Pepperfry.
On Twitter, condolences came in for the ardent rider who had previously traveled by motorcycle from Mumbai to Leh.
“I was shocked and saddened to learn about Ambareesh Murty’s unexpected death from cardiac arrest. May he rest in peace, his soul. An amazing businessperson and inspiration to many… May his contributions to Pepperfry continue. Entrepreneur Swati Bhargava said on Twitter, “RIP.”
Online store Pepperfry offers a variety of goods, including furnishings for the house. Norwest Venture Partners, which wrote a $5 million check, provided the business with its first round of funding in December 2011 for its operations in Mumbai.
Data from Tracxn indicated that it raised its final round in November 2021, when General Electric, the Mukesh Sharma Family Trust, and other investors contributed $10 million to the business. In its most recent financing, it had a valuation of roughly $460 million.
