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Pepperfry Co-Founder Ambareesh Murty Dies Of Cardiac Arrest In LehAmbareesh Murty, the co-founder of Pepperfry, online marketplace for furniture and home decor, has died, the company's second co-founder Ashish Shah announced in a post on X, formerly known as Twitter. Mr Shah said his "friend, mentor, brother" died due to cardiac arrest in Leh and that he is "extremely devastated". Mr Murty was a bike enthusiast and used to go on motorcycle trips from Mumbai to Leh. He founded Pepperfry in 2011 and was its Chief Executive Officer (CEO).
"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," Mr Shah wrote on X.
Tributes started pouring in with people posting their fond memories with 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.
"Extremely Sad!! May God give strength to his family and friends," said another.
Mr Murty posted photos and videos from his trip to Ladakh on Instagram.
According to CrunchBase, Mr Murty was on the Board of Adonia Hospitality.
He completed his Masters in Business Administration (MBA) from Indian Institute of Management (IIM) Calcutta in 1996.
Mr Murty's brush with entrepreneurship began during his graduation when he started giving tuitions at home. He set up a small business called Tutors' Bureau that connected tutors with school students. He ran the venture for two years in the early 1990s.
Pepperfry is worth $500 million, with a $244 million investment over eight funding rounds, as of 2020. Among its investors are Goldman Sachs, and Bertelsmann India Investments.
"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," Mr Shah wrote on X.
Tributes started pouring in with people posting their fond memories with 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.
"Extremely Sad!! May God give strength to his family and friends," said another.
Mr Murty posted photos and videos from his trip to Ladakh on Instagram.
According to CrunchBase, Mr Murty was on the Board of Adonia Hospitality.
He completed his Masters in Business Administration (MBA) from Indian Institute of Management (IIM) Calcutta in 1996.
Mr Murty's brush with entrepreneurship began during his graduation when he started giving tuitions at home. He set up a small business called Tutors' Bureau that connected tutors with school students. He ran the venture for two years in the early 1990s.
Pepperfry is worth $500 million, with a $244 million investment over eight funding rounds, as of 2020. Among its investors are Goldman Sachs, and Bertelsmann India Investments.