EFishery Pte is eliminating more than 1,000 jobs, or about 90% of the workforce, as the Indonesian agritech company suspected of fraud weighs a potential liquidation.Most Read from BloombergWhy ...
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 ...
An adviser probing the alleged accounting fraud at Indonesian agritech company eFishery recommended that investors make a ...
EFishery, which deploys feeders to fish and shrimp farmers in Indonesia, was a darling of the nation’s start-up scene and scored a valuation of US$1.4 billion when G42, an AI firm controlled by ...
While eFishery said it had more than 400,000 fish feeders in operation, initial investigations estimate it had only about 24,000. Internal books show retained losses at roughly US$152 million from ...
Founded in 2013, eFishery seeks to provide a marketplace for fish and shrimp feed and financing for producers. The company also serves as a platform for business-to-business sales of fresh fish ...
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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