Ambareesh Murty
Ambareesh Murty, the co-founder of Pepperfry, an online marketplace for furniture and home decor, has died, the company’s second co-founder Ashish Shah revealed in a post on ‘X’, formerly known as ‘Twitter’.
Mr. Shah described himself as extremely devastated after his friend, mentor, and brother died of cardiac arrest in Leh. He was the Chief Executive Officer (CEO) of Pepperfry when it was created in 2011.
Ashish Shah tweeted, “Extremely devastated to inform that my friend, mentor, brother, soulmate @AmbareeshMurty is no more. Lost him yesterday night to a cardiac arrest at Leh. Please pray for him and for strength to his family and near ones. 🙏”, through his official ‘X’ handle.
Extremely devastated to inform that my friend, mentor, brother, soulmate @AmbareeshMurty is no more. Lost him yesterday night to a cardiac arrest at Leh. Please pray for him and for strength to his family and near ones. 🙏
— Ashish Shah (@TweetShah) August 8, 2023
Tributes began to come in, with individuals writing their loving recollections of Mr. Murty.
“Very sad my second boss and what a mentor he was… I messaged him two days back and he was okay. Got him added to PruICICI group where a reunion is getting planned”, commented Kalpesh Teli.
Another user commented, “Extremely Sad!! May God give strength to his family and friends”.
Mr. Murty used Instagram to share photographs and videos from his trip to Ladakh.
View this post on Instagram
According to CrunchBase, Mr. Murty served on the Board of Adonia Hospitality.
He graduated from IIT Calcutta in the 1996 batch and earned his Bachelor of Engineering from the Delhi College of Engineering in 1994.
On his ‘X’ profile, he described himself as a ‘closet sociopath’ who enjoys history and epic fantasy novels.
Mr. Murty’s foray into entrepreneurship began during his graduation when he started giving home tuition. He established Tutors’ Bureau, a modest business that connected tutors with school students. In the early 1990s, he operated the business for two years.
As of 2020, Pepperfry is valued at $500 million, with a $244 million investment spread across eight funding rounds. Goldman Sachs and Bertelsmann India Investments are among its investors.
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