Ambareesh Murty, a co-founder of Pepperfry, a website that sells furniture and home goods, passed away on Monday in Leh as a result of a cardiac attack. The 51-year-old, a motorcycle enthusiast, was riding a motorcycle from Mumbai to Leh.
The second co-founder of the business, Ashish Shah, wrote on X (formerly known as Twitter), expressing his “extremely devastated” feelings at the loss of his “friend, mentor, and brother.”
“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 attack. Please say a prayer for him, as well as for his family and close friends, Mr. Shah said on X.
On social media, condolences and happy memories of Mr. Murty started to come in.
“What a mentor he was, my second supervisor, and how very sad… He was OK when I last messaged him two days ago. Kalpesh Teli stated, “Got him added to the PruICICI group where a reunion is being organized.
According to CrunchBase, Mr. Murty sat on the board of Adonia Hospitality.
In 1994, he received his bachelor’s degree from the Delhi College of Engineering, and in 1996, he graduated from IIM Calcutta with his MBA. He acknowledged being a covert psychopath and professed a love for reading epic fantasies on his X profile.
Mr. Murty began providing individual courses out of his home after graduation. He had never been an entrepreneur before. He founded Tutors’ Bureau, a small business that paired tutors with students. He oversaw the company for two years during the start of the 1990s.
Pepperfry received a $244 million investment across eight fundraising rounds, valuing the company at $500 million as of 2020. Two of its investors are Goldman Sachs and Bertelsmann India Investments.