Pepperfry's Co-Founder and CEO, Ambareesh Murty, tragically passed away on Monday night in Leh due to a cardiac arrest, as confirmed by Ashish Shah, Co-Founder of the omnichannel furniture retailer, in a tweet on Tuesday morning.
"Incredibly saddened to share the heartbreaking news that we have lost my dear friend, mentor, brother, and soulmate, Ambareesh Murty, @AmbareeshMurty. He left us last night due to a cardiac arrest in Leh. Kindly keep him in your prayers and send strength to his family and loved ones," Shah's tweet conveyed.
Murty, along with Shah, initiated Pepperfry's journey in 2012, successfully establishing it as a prominent player in the online furniture retail landscape. Murty had been actively engaged in preparing Pepperfry for its public debut, a process he had been diligently involved in since the previous year. Prior to Pepperfry, Murty held the role of Country Manager for eBay in 2008. Subsequently, he made the decision to depart from eBay, paving the way for the eventual creation of Pepperfry.
In response to the unfortunate news of Murty's passing, Swati Bhargava, Co-Founder of Cashkaro, expressed her sorrow on Twitter, stating, "Deeply saddened and shocked to hear about the sudden demise of @AmbareeshMurty due to a cardiac arrest. May his soul find peace. A remarkable entrepreneur and a source of inspiration for many... May his enduring legacy at @Pepperfry continue to thrive. #RestInPeace #RIP."
Ambareesh Murty, an Indian entrepreneur and astute business leader, left an indelible mark on the corporate landscape. He co-established and steered Pepperfry, a notable e-commerce venture specializing in furniture and home goods, alongside Ashish Shah in 2012. Prior to embarking on the Pepperfry journey, Murty held the position of Country Manager at eBay, overseeing operations in India, Philippines, and Malaysia from March 2008 to June 2011.
Born in Hyderabad, India, in 1979, Murty's academic journey began at the Delhi College of Engineering, culminating in a degree in civil engineering in 1994. He further honed his expertise with an MBA from the prestigious Indian Institute of Management Calcutta in 1996.
Commencing his professional voyage, Murty commenced as a management trainee at Cadbury India post his IIM Calcutta tenure. Five fruitful years transpired at Cadbury before he embarked on a new chapter as a consultant at McKinsey & Company. In 2008, Murty's trajectory shifted to eBay India, where he took on the mantle of Country Manager.
In 2012, Murty's entrepreneurial spirit bloomed as he co-founded Pepperfry alongside Ashish Shah. The venture swiftly ascended to become a forerunner in India's online furniture retail arena. Amplifying its growth, Pepperfry secured substantial funding, surpassing $200 million, from prominent investors including Sequoia Capital, Tiger Global Management, and Temasek Holdings.
A visionary luminary, Murty orchestrated transformative shifts within India's furniture retail sector. His zeal radiated in his quest to craft a world-class online shopping experience for patrons, and his unwavering support for India's startup ecosystem cemented his leadership legacy.
Tragically, on August 1, 2023, Murty's journey was cut short by a cardiac arrest in Leh, India. At 44 years old, he bid farewell, leaving behind a wife and two children.
Murty's indomitable legacy reverberates through Pepperfry, a testament to his co-founding prowess that elevated it to the pinnacle of India's online furniture retail domain. A trailblazer in e-commerce, his vision revolutionized furniture shopping paradigms in India. His memory persists as that of an exceptional entrepreneur and an enterprising luminary, forever etched in the annals of business history.
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