The co-founder of the net furnishings retailer Pepperfry, Ambareesh Murty, died of a cardiac arrest in Leh on Monday. According to his buddy and different co-founders of Pepperfry, Ashish Shah, in a social media submit, wrote, “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 strength to his family and near ones.”
An IIM Calcutta alumnus, based the house decor firm in Mumbai within the 12 months 2012.
Reacting to the stunning demise of the entrepreneur, Swati Bhargava, the cofounder of Cashkaro, tweeted, “So unhappy & stunning to hear of @AmbareeshMurty’s sudden demise due to cardiac arrest. May his soul relaxation in peace. An wonderful entrepreneur & inspiration to many… might his legacy with @Pepperfry stay on #RIP.”
Who was Ambareesh Murty?
The 51-year-old Ambareesh studied on the prestigious Indian Institutes of Management (IIM) Calcutta after which he joined a number of multinational corporations. He commenced his first job with Cadbury– a British multinational confectionery firm owned by Mondelez International since 2010 and the second largest confectionery model on the earth after Mars– in 2005. Â
According to media studies, he labored with the chocolate firm for greater than 5 years earlier than transferring to the monetary sector. He labored as VP of advertising and marketing and customer support at ICICI AMC for practically two years.
Later, he joined Levi’s– an American clothes firm identified worldwide for its Levi’s model of denim jeans– the place he labored briefly for under 5 months. Subsequently, he floated his personal enterprise named– Origin Resources– whereby the corporate supplies help to mutual fund corporations in India.
Unfortunately, it hadn’t labored and the agency had to shut down in 2005. After that, he labored for Britannia– an Indian Multinational FMCG firm specialising within the meals trade. He labored right here briefly after which joined eBay India– a web-based platform. At eBay, Murty dealt with India, Malaysia and the Philippines as supervisor.  After working for not less than six years, Murty and Shah began their very own enterprise Pepperfry in 2011. The firm delivers furnishings to 500 cities and has raised $245.3 million (round ₹1,770 crores) since its inception.
