Winning Bizness Desk

Mumbai. Ambarish Murthy, co-founder and CEO of online furniture store Pepperfry, has passed away. Ashish Shah, the other co-founder of Pepperfry, tweeted and gave this unsettling news to the business world. Ashish Shah said in X Post that, 'It is with great sadness that my friend, mentor and brother Ambarish Murthy has passed away. Ambarish was in Ladakh last night, where he died of a heart attack.' Ambarish Murthy did engineering from Delhi Technological University in the early 1990s. He then completed his MBA from IIM Kolkata in 1996. He then joined Cadbury Company as a Management Trainee. The company sent him to Kerala as Area Sales Manager. He left the Cadbury company in 2001 after about 5 years.

Failure on first attempt

Ambarish Murthy then learned to launch mutual fund products at ICICI Prudential AMC for 2 years. In 2003, he quit his job to start a financial training venture, Origin Resources. But he did not get much success and returned to the corporate world in 2005 as a Marketing Manager at Britannia. Within 7 months he joined eBay India and within two years became the Country Head for India, Philippines and Malaysia. He envisioned that the e-commerce business in India would grow rapidly. But eBay didn't want to invest in an Indian business, so he decided to start his own startup. Ambarish Murthy co-founded Pepperfry, an e-commerce company for furniture and home decor, in 2012 with Ashish Shah. He was also not sure that this business and endeavor would succeed. But, within a year, he made a good hold in the furniture and home decor business.