Pepperfry’s Co-Founder Ambareesh Dies Of Cardiac Arrest

Pepperfry co-founder and CEO, Ambareesh Murty today died of a cardiac arrest in Leh, announced Ashish Shah, another co-founder of the e-commerce furniture and home goods company in a tweet.

Ashish Shah shared a Tweet in morning informing the sudden demise of Ambareesh Murty, ""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."

He was 51-years-old and completed his college from Civil Engineering from Delhi College of Engineering (1990 - 1994) and did his MBA from IIM-Calcutta (1994-1996).

He became part of the world of business in 1996 when he joined Cadbury as a Sales and Marketing professional. He spent over 5 years with the popular chocolate manufacturer.

Soon Ambareesh Murty entered the financial sector and worked with Prudential ICICI AMC (ICICI Prudential now) in the role of VP Marketing and Customer Service for nearly 2 years.

Later he joined Levi's for a brief tenure of five months and during this period he started his own venture namely Origin Resources. The website catered to Indian mutual fund companies. In 2005, he closed the start-up only to join Britannia in the role of marketing manager.

After seven months period, he joined eBay India and became the country manager for locations such as Malaysia, Philippines, and India. After a span of six-years, Ambareesh floated Pepperfry in June 2011 along with Ashish Shah.

Pepperfry sells home furniture and other products. Pepperfry raised its first round of capital ($5 million) in December 2011 from Norwest Venture Partners

Soon the online marketplace raised nearly $240 million from several leading investors namely Pidilite Ventures, Goldman Sachs Investments Partners, and Fevicol among others.

It raised its last round in November 2021, when General Electric, Mukesh Sharma Family Trust and others infused $10 million in the company, as per data available from Tracxn. It was valued approximately $460 million when in its last round.