https://indianpedia.org/index.php?action=history&feed=atom&title=Ambareesh_MurtyAmbareesh Murty - Revision history2026-07-31T06:00:39ZRevision history for this page on the wikiMediaWiki 1.45.4https://indianpedia.org/index.php?title=Ambareesh_Murty&diff=485888&oldid=prevSamwaterman2016 at 22:43, 5 February 20262026-02-05T22:43:38Z<p></p>
<p><b>New page</b></p><div>{{Short description|Indian entrepreneur and business executive (1971/1972–2023)}}<br />
{{Use dmy dates|date=August 2023}}<br />
{{Use Indian English|date=February 2023}}<br />
{{Infobox person<br />
| name = Ambareesh Murty<br />
| birth_name = Ambareesh Vedantam Murty<br />
| image = <br />
| caption = <br />
| birth_date = {{Birth based on age at death|51|2023|8|7}}<br />
| birth_place = <br />
| death_date = {{death date and given age|2023|8|7|51|df=y}}<br />
| death_place = [[Leh]], Ladakh, India<br />
| alma_mater = {{ubl|[[Delhi Technological University|Delhi College of Engineering]]|[[Indian Institute of Management Calcutta|Indian Institute of Management, Calcutta]]}}<br />
| occupation = [[Co-founder]] & CEO of [[Pepperfry]]<br />
| known_for = {{cslist|[[Pepperfry]]|[[eBay]]|[[Cadbury]]|[[Internet and Mobile Association of India]] (IAMAI)}}<br />
| website = <br />
}}<br />
<br />
'''Ambareesh Vedantam Murty''' ({{Birth based on age at death|51|2023|8|7}} – 7 August 2023) 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. Before founding Pepperfry, Murty was a country manager at [[eBay]] for India.<br />
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== Biography==<br />
Ambareesh Murty held a B.E. from the [[Delhi Technological University|Delhi College of Engineering]] and an [[Master of Business Administration|MBA]] from the [[Indian Institute of Management Calcutta|Indian Institute of Management, Calcutta]]. Murty's entrepreneurship began before entering IIM when he home-tutored students of Class XI and XII in Physics and Math.<ref name="sugermint">{{Cite web |date=7 April 2022 |title=How Pepperfry become India's Largest Online Furniture Store: Success Story |url=https://sugermint.com/pepperfry-success-story/ |access-date=3 January 2023 |website=Suger Mint |language=en-US}}</ref> He set up a small business called Tutors' Bureau that connected talented tutors with school students. He ran the venture for two years in the early 1990s.<ref name="livemint" /><br />
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Murty began his corporate career as a management trainee with [[Cadbury|Cadbury India]] in 1996. He spent the next five years in the company's marketing division rising to the position of brand manager and worked at Cadbury's [[Delhi]], [[Rajasthan]], and [[Mumbai]] offices until 2001. In the next few years, he worked in several industry verticals holding leadership positions such as VP (Marketing) with ICICI Prudential AMC, and as brand leader at Levi Strauss India.<ref>{{cite news |date=25 January 2012 |title=Why young, successful CEOs dump the trappings of corporate power |language=en |work=Business Today |url=https://www.businesstoday.in/magazine/features/story/ceos-dump-corporate-power-own-business-reason-28824-2012-01-25}}</ref><br />
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In 2003, he left Levi Strauss' [[Bangalore|Bengaluru]] office to start Origin Resource, a financial training venture for asset management. However, he returned to corporate life in 2005 joining [[Britannia]] as a marketing manager.<ref name="livemint" /> In March 2008, he became the country head of eBay India.<ref name="techcircle"/><ref>{{cite news |title=eBay India appoints Murty as Country Manager |work=Indian Express |url=http://archive.indianexpress.com/news/eBay-India-appoints-Murty-as-Country-Manager/283038/}}</ref> During his tenure with eBay, he also served as the vice chairman of the [[Internet and Mobile Association of India]] (IAMAI).<ref name="techcircle"/> While exploring the potential of the e-commerce market in India at eBay, Murty met future Pepperfry partner and co-founder Ashish Shah.<ref>{{cite news |last1=Kotecha |first1=Arushi |date=28 November 2017 |title=Pepperfry's recipe for success |language=en |work=[[Mint (newspaper)|Mint]] |url=https://www.livemint.com/Companies/kDhDfz2VteLz3z1ATZhpcN/Pepperfrys-recipe-for-success.html}}</ref> Murty left eBay in 2011.<ref name="techcircle">{{cite news |date=10 May 2011 |title=EBay India's Ambareesh Murty Resigns; New Country Manager Is Muralikrishnan B |work=Techcircle |url=https://www.techcircle.in/2011/05/10/ebay-indias-ambareesh-murty-resigns-new-country-manager-is-muralikrishnan-b}}</ref><br />
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Murty founded Pepperfry along with Ashish Shah in 2012 in Mumbai.<ref name="livemint">{{Cite web |date=26 March 2021 |title=Pepperfry's Ambareesh Murty: The man in the golden chair |url=https://lifestyle.livemint.com//news/big-story/the-man-in-the-golden-chair-111616694010162.html |access-date=3 January 2023 |website=[[Mint (newspaper)|LiveMint]] |language=en}}</ref><ref>{{cite news |last1=Zachariah |first1=Reeba |title=Pepperfry Rejigs Structure For Ipo {{!}} Mumbai News |language=en |newspaper=[[The Times of India]] |issue=29 July 2022 |url=https://timesofindia.indiatimes.com/city/mumbai/pepperfry-rejigs-structure-for-ipo/articleshow/93199307.cms}}</ref><ref>{{cite news |last1=Thomas |first1=Dearton |date=7 March 2018 |title=State Street Global Advisors invests in furniture e-tailer PepperFry |work=[[VCCircle]] |url=https://www.vccircle.com/state-street-global-advisors-invests-in-furniture-e-tailer-pepperfry}}</ref> Headquartered in Mumbai, Maharashtra,<ref>{{cite news |last1=Layak |first1=Suman |title=We have democratised furniture market: Ambareesh Murty, cofounder and CEO of Pepperfry |url=https://economictimes.indiatimes.com/industry/services/retail/we-have-democratised-furniture-market-ambareesh-murty-cofounder-and-ceo-of-pepperfry/articleshow/70926091.cms |work=The Economic Times |date=31 August 2019}}</ref> Pepperfry is worth $500 million, with a $244 million investment over eight funding rounds, as of 2020.<ref>{{cite news |date=14 January 2022 |title=Exclusive: Thrasio's $500M India bet; Pepperfry assembling IPO |work=[[The Economic Times]] |url=https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/exclusive-thrasios-500m-india-bet-pepperfry-assembling-ipo/articleshow/88887688.cms}}</ref> Among its investors are [[Goldman Sachs]], and Bertelsmann India Investments.<ref name="sugermint" /><ref name="livemint" /><br />
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Murty died from cardiac arrest on 7 August 2023 at age 51.<ref>{{cite news |date=8 August 2023 |title=Pepperfry CEO Ambareesh Murty dies of cardiac arrest at 51 |work=The Tribune |url=https://www.tribuneindia.com/news/nation/pepperfry-ceo-ambareesh-murty-dies-aged-51-due-to-cardiac-arrest-533287 |access-date=8 August 2023}}</ref><br />
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== References ==<br />
{{reflist}}<br />
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{{DEFAULTSORT:Murty, Ambareesh}}<br />
[[Category:1970s births]]<br />
[[Category:Year of birth uncertain]]<br />
[[Category:2023 deaths]]<br />
[[Category:Indian chief executives]]<br />
[[Category:Delhi Technological University alumni]]<br />
[[Category:Indian Institute of Management Calcutta alumni]]</div>Samwaterman2016