Ambareesh Vedantam Murty was an Indian businessman and entrepreneur who lived from 1971 to 2023. He and Ashish Shah co-founded Pepperfry, an online retailer of furniture and home items, in 2012, and he served as its CEO. Between March 2008 to June 2011, Murty worked as the country manager for eBay in India, the Philippines, and Malaysia before launching Pepperfry.
At the age of 51, Ambareesh Murty passed away from a heart attack on August 7, 2023.
Ambareesh Murty Age
Ambreesh Murthy is 51 years old. He passed away in his middle years. We refer to life as being very unpredictable because of this. Ambareesh earned his bachelor’s degree in civil engineering from Delhi College of Engineering (1990–1994) and his master’s degree in business administration from IIM–Calcutta (1994–1996).
Life and career
Ambareesh Murty earned an MBA from the Indian Institute of Management, Calcutta, and a B.E. from the Delhi College of Engineering. Murty’s first experience with entrepreneurship came during his graduation, when he gave physics and math lessons at home to Class XI and XII pupils. He established Tutors’ Bureau, a modest company that matched gifted tutors with schoolchildren. Early in the 1990s, he managed the business for two years.
In 1996, Murty joined Cadbury India as a management trainee to start his business career. He spent the following five years working in the company’s marketing department, eventually becoming a brand manager, and held positions at the Cadbury offices in Delhi, Rajasthan, and Mumbai until 2001. He worked in many business sectors during the ensuing years, holding executive positions like vice president of marketing at ICICI Prudential AMC and brand manager at Levi Strauss India.
He left the Bengaluru location of Levi Strauss in 2003 to launch Origin Resource, a business that offers financial training for asset management. He did, however, return to the business world in 2005, when he joined Britannia as a marketing manager. Seven months later, he changed to eBay India, nevertheless. He became the country manager of Malaysia, the Philippines, and India for eBay in less than two years. He held the position of vice chairman of the Internet and Mobile Association of India (IAMAI) while working for eBay. At eBay, Ashish Shah, who would later become a partner and co-founder of Pepperfry, and Murty were both examining the possibilities of the Indian e-commerce sector.
In 2012, Murty and Ashish Shah started Pepperfry in Mumbai. With its main office in Mumbai, Maharashtra, 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 two of its investors.
Ambareesh Murty Death News
It is heartbreaking to learn that successful businessman Ambareesh Murthy has passed away. He serves as CEO and Co-Founder of Pepperfry. His business was established in 2012. At the time, India’s first online furniture retailer was called Pepperfry. When his business associate Ashish Shah tweeted about the news, it became public knowledge.
“I am deeply saddened to report the passing of my friend, mentor, brother, and soulmate @AmbareeshMurty. He passed away last night in Leh due to a heart arrest. Ashish Shah tweeted, “Please pray for him and for strength for his family and close friends. He died while on vacation when he was in Leh.
Ambareesh Murty Death Reason
As said in his tweet, Ashish Shah serves as the co-founder and CEO of Pepperfry. He posted about his passing and Ambareesh Murty’s passing last night, on Monday night, on Tuesday morning. He died as a result of cardiac arrest, which is what caused him to pass away.
He had previously remarked how much he enjoyed spending his vacations in Leh Ladakh. He was a highly vivacious individual who adored to hike and travel. Ambareesh Murty passed away in Leh, one of his favorite holiday spots. Continue reading the article to learn more about him.
Ambareesh Murty Overview
The table below contains some of the fundamental details regarding Ambareesh Murty. You can get one-word answers to your questions from this, but the paragraphs include more in-depth information.
|Net Worth||245.3 Million|
|Date of Birth||1970/1971|
|Died on||7th August 2023|
|Reason of Death||Cardiac Arrest|
|Known For||Co-Founder and CEO of Pepperfry|
|Study||Delhi College of Engineering and Indian Institute of Management, Calcutta|
|Spouse Name||Not Disclosed|
|Favourite Vaccay Destination||Ladakh|
|Worked Before Pepperfry||eBay, Cadbury, Internet and Mobile Association of India (IAMAI)|
Ambareesh Murty Family
His family has always helped him out when he’s been working or studying. Family is incredibly important in a person’s life. He has always had their back in his job, life, and other areas. His family must remain resilient in the wake of his abrupt passing.
Ambareesh Murty Net Worth
With the introduction of Pepperfry in 2012, Ambareesh Murty and Ashish Shah fundamentally altered the retail industry. And soon, this online storefront was India’s popular e-commerce destination for furniture and household goods.
People expressed interest in and a love for the idea that you could choose the best furniture and home décor for your house or office from the comfort of your own home. Ambareesh Murty has a 245.3 Million dollar net worth. He establishes the Pepperfry chain in more than 100 Indian cities.
Who is Ambareesh Murty?
Ambareesh Vedantam Murty is one of the few names that stands out in the competitive world of e-commerce and business. This amazing individual, who was born in 1971 or 1972, had a profound impact on Indian entrepreneurship. Ambareesh Murty’s career as the co-founder and CEO of Pepperfry, a well-known e-commerce site specializing in furniture and home items, is one of innovation, passion, and success. Let’s explore the inspiring life story of the visionary entrepreneur who founded Pepperfry.
Who was Ambareesh Murty?
Indian businessman Ambareesh Murty co-founded Pepperfry, an online store with a focus on furniture and home items.
What led to the creation of Pepperfry?
Ambareesh Murty and Ashish Shah’s partnership and desire to alter the way Indians purchase for furniture and home items gave rise to the concept for Pepperfry.
What were Ambareesh Murty’s early ventures?
Prior to joining Pepperfry, Murty dabbled in tutoring through the Tutors’ Bureau and considered taking on several leadership positions at businesses like Cadbury India and Levi Strauss India.
How did Pepperfry impact the e-commerce landscape?
By providing a wide variety of furniture and home products online, Pepperfry upended the market and transformed how customers saw online buying.
What is Ambareesh Murty’s legacy?
Ambareesh Murty’s contributions to India’s e-commerce and business sectors, as well as his role as a visionary entrepreneur and Pepperfry co-founder, will live on in his legacy.
Who is the CEO of Pepperfry?
the Pepperfry CEO Ambareesh Murty’s final Instagram post was devoted to his passion for cycling. In Leh on Monday night, Ambareesh Murty, the co-founder and CEO of Pepperfry, passed away from a heart arrest.
Is Pepperfry a Indian company?
History. Ambareesh Murty and Ashish, former executives at eBay, founded Pepperfry in Mumbai in 2012. In Mumbai, the company opened its first physical location in 2014. By 2019, there were over 70 outlets spread over 28 Indian cities. The business operates four warehouses in Delhi, Mumbai, Jodhpur, and Bangalore.