Businessman Ambareesh Murty, the co-founder of Pepperfry, has died aged 51. What he died of, his obituary, and net worth explored.
Ambareesh Vedantam Murty was an Indian entrepreneur and business executive.
He was the co-founder, and CEO of the e-commerce furniture and home goods company Pepperfry, which he co-founded with Ashish Shah in 2012.
On August 7, 2023, the death of Murty shocked the entire India nation. He reportedly died in Leh aged 51.
Following his death, many might want to know more about how he died and his net worth. So, read on for more about him.
|Celebrated Name:||Ambareesh Murty|
|Net Worth:||$100 million|
|Full Real Name:||Ambareesh Vedantam Murty|
|Date of Birth:||Between 1970 and 1971|
|Education:||Delhi College of Engineering; Indian Institute of Management, Calcutta|
What was Ambareesh Murty’s cause of death?
Ambareesh Murty has died aged 51 of cardiac arrest, his business partner confirmed.
Tributes have been pouring in for the Indian entrepreneur, who passed away during a motorbike trip from Mumbai to Leh.
“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,” one person commented under Mr Murty’s last Instagram post.
“Extremely Sad!! May God give strength to his family and friends,” said another.
His death was announced by co-founder Ashish Shah on X, formerly known as Twitter.
“Extremely devastated to inform that my friend, mentor, brother, soulmate @AmbareeshMurty is no more,” Shah wrote.
“Lost him yesterday night to a cardiac arrest at Leh.
“Please pray for him and for strength to his family and near ones.”
What was Ambareesh Murty’s net worth?
Indian business magnate Ambareesh Murty had a more than impressive fortune before his death. He accumulated an estimated net worth of $100 million, which converted in INR is around Rs. 800 crores.
He accrued his fortune for his works as entrepreneur and business executive in e-commerce sector.
Murty co-founded Pepperfry in 2011, an online marketplace for furniture and home decor.
The company 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.
Mr Murty’s brush with entrepreneurship began during his graduation when he started giving tutoring at home, NDTV reports.
He set up Tutors’ Bureau, a small business that connected tutors with school students and ran the venture for two years in the early 1990s.
Mr Murty was an alumnus of IIT Calcutta, 1996 batch and completed his Bachelors in Engineering from the Delhi College of Engineering in 1994.
He called himself a closet sociopath on his X profile, and professed a love for history reading epic fantasies.