Business Times14h
Indonesia’s eFishery scandal sparks fears of broader reckoning for agritech
JAKARTA] The alleged fraud at Indonesia’s aquaculture unicorn eFishery has shaken the agritech sector, with the once-thriving ...
Business Times14h
Indonesia’s shocking eFishery scandal sparks fears of broader reckoning for agritech
JAKARTA] The alleged fraud at Indonesia’s aquaculture unicorn eFishery has shaken the agritech sector, with the once-thriving ...
The Jakarta Post4dOpinion
How investor biases can enable fraud in start-ups
In the eFishery case, reported sales of 400,000 fish feeders versus the verified 24,000 should have been an instant red flag, ...
eFishery backers to weigh liquidation, buyout among options for scandal-hit start-up
In a few weeks, shareholders should vote on whether to wind down, restructure, or sell the company. Read more at straitstimes ...
The Edge Singapore6d
eFishery was a valuation scandal, not accounting fraud
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 ...
‘Chilling effect': Here's what an Indonesian startup scandal means for the region struggling with fundraising
This could have a chilling effect for, conservatively, 12 months, but probably longer,” Justin Hall of Golden Gate Ventures ...
Bloomberg L.P.6d
EFishery Backers to Weigh Liquidation, Buyout Among Options
An adviser probing the alleged accounting fraud at Indonesian agritech company eFishery recommended that investors make a decision on whether to liquidate or restructure the firm as soon as this ...