An adviser probing the alleged accounting fraud at Indonesian agritech company eFishery recommended that investors make a ...

The outcome was an extravagant valuation that had no connection to fundamentals. Even with its fabricated revenue, eFishery was trading at an EV/Sales ratio of two times. Agri-processors such as Japfa ...

"This could have a chilling effect for, conservatively, 12 months, but probably longer," Justin Hall of Golden Gate Ventures ...

SINGAPORE - An adviser probing the alleged accounting fraud at Indonesian agritech company eFishery recommended that investors decide on whether to liquidate or restructure the company as soon as ...

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 ...

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 ...

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 Backers to Weigh Liquidation, Buyout Among Options Troubled startup fighting for its life after fraud allegations Adviser urging investors to decide as soon as this month ...

Indonesian Startup EFishery Appoints FTI Consulting as Manager Amid Alleged Fraud Probe SINGAPORE (Reuters) - Indonesian aquaculture tech startup, eFishery, said on Tuesday that it has appointed ...

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 ...