EFishery Pte, one of Indonesia’s most prominent startups, may have inflated its revenue and profit over several years, according to an internal investigation triggered by a whistleblower’s ...
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.
SINGAPORE – The recent probe into Indonesia’s agritech unicorn eFishery that is backed by prominent names like Singapore’s investment company, Temasek, Japan’s Softbank Group and venture ...
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