(Bloomberg) -- Investigators hired by the board of eFishery Pte. have determined the Indonesian startup is in far worse shape than they previously thought, and that investors are likely to get ...

Investing.com -- EFishery Pte, an Indonesian agritech firm, is in the process of eliminating more than 1,000 jobs, which is roughly 90% of its workforce, Bloomberg reported on Thursday. The ...

ONCE hailed as a visionary in Indonesia’s agritech scene, eFishery co-founder and ex-CEO Gibran Huzaifah now finds himself at the centre of a scandal that promises to go down as one of the most ...

EFISHERY co-founder and ousted chief executive Gibran Huzaifah has denied media reports saying he received a gross monthly salary of 1.28 billion rupiah (US$77,000) in 2024. “That amount is untrue – I ...

The fallen startup, whose financial backers include SoftBank Group Corp. and Singapore’s Temasek Holdings Pte., had been a star of Indonesia’s startup scene. eFishery was valued at $1.4 ...

About 76 per cent of eFishery’s US$68 million in accounts receivable were deemed as bad debt more than 60 days overdue, with the company ultimately liable for the bulk of loans it facilitated ...