The sudden demise of Ambareesh Vedantam Murty, the CEO and co-founder of digital furnishings firm Pepperfry has left shockwaves all through the company world. The 51-year-old businessman, who was on a tour in Leh, was seen in excessive spirits, chatting in regards to the stunning roads of Ladakh in an Instagram video titled, ‘Motorbike Diaries’, describing the roads as the proper spot the place “angels might occasion.”
Hours after the video was posted, the information of his demise was shared by Ashish Shah the co-founder of Pepperfry. “Extraordinarily devastated to tell that my buddy, mentor, brother, and soulmate @AmbareeshMurty is not any extra. Misplaced him yesterday night time to a cardiac arrest at Leh,” wrote the entrepreneur.
Who Was Ambareesh Murty?
A Born Entrepreneur
An alumnus of the prestigious Delhi College Of Engineering and IIM Calcutta, Murty’s first brush with entrepreneurship started throughout his commencement days. He tutored highschool college students in physics and maths within the Nineteen Nineties when he realised {that a} good sum of money will be made in connecting college students to good tutors. He arrange a small enterprise enterprise known as Tutors Bureau that ran for 2 years. Whereas operating this enterprise he ready for his CAT examination.
An Illustrious Profession
After graduating from IIM, he started his profession as a gross sales trainee at Cadbury in 1996. Inside a decade, he rose to the place of name supervisor. He masterminded the Cadbury ‘Temptations’ one of the profitable merchandise of the corporate.
This was adopted by a stint with Prudential ICICI AMC as VP of Advertising and Buyer Service, in addition to a job as a model chief at trend big Levi Strauss.
After one other unsuccessful try at entrepreneurship (From 2003 to 2005, he ran Origin Useful resource, a finance coaching agency), he returned to company jobs, becoming a member of Britannia as a advertising and marketing supervisor. Later he additionally served because the nation head of eBay India, the Philippines, and Malaysia. Whereas exploring the e-commerce increase he met Ashish Shah who would go on to change into a detailed buddy in addition to co-founder of Pepperfry.
Start Of An Empire
Pepperfry was based in Mumbai. Throughout the subsequent decade, the e-commerce dealing in furnishings and residential items grew quickly and by 2020, was valued at $500 million.
Supply: India Times