How Indonesia’s eFishery duped top investors – and revealed deeper flaws in the global startup industry.

Agritech venture eFishery was one of Asia’s brightest startups with money from the likes of SoftBank and Temasek. Then it all came crashing down.

The unicorn pledged to focus on developing both upstream and downstream parts of its business this year, including product penetration and digitalization. In October 2023, eFishery established a ...