08 August,2023 04:07 PM IST | Mumbai | mid-day online correspondent
File Photo/Agencies
Ambareesh Murty, the co-founder and CEO of Pepperfry, a prominent online furniture and home decor marketplace, has tragically passed away due to a cardiac arrest in Leh. He was 51 years old. Murty's sudden demise was confirmed by his colleague and co-founder Ashish Shah. Murty's contributions to the business world and his passion for motorcycling had earned him a respected position within the industry.
Having held positions at well-known companies such as Cadbury, ICICI AMC (now ICICI Prudential), and Levi's, Ambareesh Murty co-founded Pepperfry in 2011. Under his leadership, the online platform, which offers a diverse range of furniture and home decor items, gained prominence and garnered investments from notable entities like Goldman Sachs, Pidilite Ventures, and Bertelsmann India Investments. Pepperfry's valuation reached USD 500 million, showcasing Murty's entrepreneurial prowess.
Tragically, Ambareesh Murty's life was cut short while he was on a motorcycle trip to Leh, a journey he had a deep passion for. This is an endeavor that resonated with his adventurous spirit and his love for motorcycles. Murty's entrepreneurial journey was marked by determination, innovation, and the pursuit of excellence. Despite his unexpected passing, his contributions to the business landscape and his legacy at Pepperfry will continue to influence the industry.
Ambareesh Murty's untimely demise has left a void in the hearts of many. Tributes poured in from friends, colleagues, and fellow entrepreneurs who shared their fond memories and expressed shock at his sudden departure. People celebrated his accomplishments, his dedication to his work, and his charismatic personality. As the Pepperfry team mourns his loss, his impact on the business world and his contributions to the entrepreneurial ecosystem will not be forgotten.
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As the news of his passing resonates throughout the industry, Ambareesh Murty's legacy will continue to inspire future entrepreneurs and business leaders, reminding them of the importance of innovation, dedication, and the pursuit of one's passions.
"Om shanti. Heartbroken and stunned to learn about Ambareesh Murty's untimely departure due to a cardiac arrest. May his soul find eternal peace. An extraordinary entrepreneur and a true inspiration to countless... may his legacy with Pepperfry endure #RIP," CEO and founder of NirogStreet, Ram N Kumar posted.
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Managing Partner at Climatora, Debadutta Upadhyaya expressed her shock, offering her prayers and thoughts to the Pepperfry team. "Travel well Ambareesh," she wrote on X.
Managing Director for Spotify India Amarjit Batra expressed his grief, saying he had lost "a great friend and an amazing leader". "Really sad and shocked to hear this tragic news. May his soul rest in peace. Heartfelt and deepest condolences to his family and the Pepperfry team," he posted.
Founder of Droom Sandeep Aggarwal shared he knew Murty from the time he was exiting eBay. "So shocked and sad to hear about this. Knew him from the time he was exiting eBay. Amazing human being, very learned and great soul. Our prayers for his family and Pepperfry family. Om shanti!!," he posted.
Since its inception, Pepperfry has built a market leadership as the largest furniture marketplace by offering great value, a large variety of curated merchandise with over 1 lakh items from over 10,000 merchants (Agencies)