An adviser probing the alleged accounting fraud at Indonesian agritech company eFishery recommended that investors make a ...
Indonesian agritech unicorn eFishery is under the scanner as an ongoing probe suggests that the company may have been committing misconduct, including fraud. Southeast Asia's startup ecosystem has ...
Indonesian aquaculture tech startup, eFishery, said on Tuesday that it has appointed business advisory firm FTI Consulting to act as its new management following allegations of misconduct including ...
eFishery fiasco: Are state-linked investors risking their reputation investing directly in startups?
INVESTORS in Indonesian unicorn eFishery must have felt their hearts sink with the revelation that the declared revenue and profits may have been faked for several years. An investigation commissioned ...
INDONESIAN aquaculture startup eFishery on Tuesday (Feb 4) announced that it has involved business consulting and management advisory FTI Consulting in the acting management of the company, with ...
Yet, as the recent financial troubles at eFishery, KoinWorks and Bukalapak demonstrate, many Indonesian tech start-ups are built on precarious foundations, reminiscent of houses constructed on sand.
EFishery, which deploys feeders to fish and shrimp farmers in Indonesia, was a darling of the nation’s startup scene and scored a valuation of $1.4 billion when G42, an AI firm controlled by ...
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