Pepperfry co-founder Ambareesh Murty passes away on motorcycle trip
Ambareesh Murty, co-founder of the renowned online furniture platform Pepperfry, suffered a fatal cardiac arrest in Leh, bringing his journey from Mumbai on a motorcycle to a tragic end. At the age of 51, Ambareesh Murty, known for his love for motorbikes, left the entrepreneurial world in shock.
Colleague’s Heartfelt Tribute
Ashish Shah, co-founder of Pepperfry and a close confidante, shared his sorrow on X, the social media platform previously known as Twitter. He expressed his devastation at the loss of his “friend, mentor, and brother.” Ashish Shah’s post read: “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.”
The Legacy of Ambareesh Murty
Social media became a testament to the mark Ambareesh Murty left on people. Kalpesh Teli reminisced, “Very sad my second boss and what a mentor he was… I messaged him two days back and he was okay.”
Ambareesh had a stellar educational background. After acquiring a bachelor’s degree from the Delhi College of Engineering in 1994 and an MBA from IIM Calcutta in 1996, he delved into the entrepreneurial world. His profile on X intriguingly hints at him being a “secret sociopath” with an avid love for epic fantasies.
Starting his journey by offering private lessons from his home, Murty established Tutors’ Bureau, a platform connecting tutors with students. He managed this venture during the early 1990s for about two years.
Pepperfry’s Market Stance
Pepperfry, the brainchild of Ambareesh, had achieved significant recognition by 2020, boasting a valuation of $500 million. This came after the platform secured a cumulative investment of $244 million over various funding rounds, with prominent investors such as Goldman Sachs and Bertelsmann India Investments backing it.
Ambareesh Murty’s sudden demise has shaken the entrepreneurial ecosystem. His contributions to the world of online commerce, especially with Pepperfry, will forever be remembered.