What Was Ambareesh Murty Net Worth? ($460 Million)– Ambareesh was an accomplished Indian entrepreneur and business executive. Ambareesh co-founded the successful e-commerce furniture and home goods company, Pepperfry, with Ashish Shah in 2012.
Prior to this, Murty held the position of country manager at eBay, overseeing operations in India, the Philippines, and Malaysia from March 2008 to June 2011.
It is with great sadness to report that Ambareesh Murty, one of the co-founders of Pepperfry, passed away on Monday in Leh due to a cardiac arrest. Mr. Murty was 51 years old. Cardiac arrest is a sudden stoppage of the heart’s beating, which can result in the disruption of blood flow to the brain and other essential organs.
What Was Ambareesh Murty Net Worth? ($460 Million)
Ambareesh net worth till his death is $460 Million. Pepperfry, introduced by Ambareesh Murty and Ashish Shah in 2012, has revolutionized the retail industry. It is an online platform that has become India’s top e-commerce marketplace for furniture and home goods.
The platform has transformed conventional retail norms with its innovative model that comprises a virtual catalog, a strong in-house supply chain, and a huge omnichannel network across more than 100 Indian cities. Pepperfry has successfully reshaped the way people shop for their homes.
Murty, who was previously the brand leader for Levi Strauss India, had a range of responsibilities that included product development, marketing, and retail strategies. During his time as a marketing manager for mass markets at Britannia Industries, he was accountable for segment P&L as well as defining strategies.
Ambareesh, who described himself as a closet sociopath on his X profile, had a passion for reading epic fantasies and history. With 27 years of general management experience in a variety of industries such as FMCG, financial services, and the internet, Ambareesh was an alumnus of IIT Calcutta, class of 1996, and completed his Bachelor of Engineering degree in 1994 at the Delhi College of Engineering.
In 1996, Ambareesh started his journey in the corporate world as a management trainee at Cadbury India. Over the next five years, he worked in the marketing division and climbed his way up to become a brand manager. During this time, Ambareesh was stationed at Cadbury’s offices in Delhi, Rajasthan, and Mumbai until 2001.
After that, he held various leadership positions in different industry verticals, including being VP at ICICI Prudential AMC and brand leader at Levi Strauss India.
Ambareesh Murty, co-founder of online furniture and home decor marketplace Pepperfry, has passed away at the age of 51 due to cardiac arrest in Leh. #AmbareeshMurty #Pepperfry #OnlineMarketplace #Furniture #HomeDecor #CEO #PassingAway pic.twitter.com/4FOBf5zVTf
— First India (@thefirstindia) August 8, 2023
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