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 ...
Indonesian agritech start-up eFishery raised $200 million in Series D funding, pushing the company into unicorn status with a ...
In a few weeks, shareholders should vote on whether to wind down, restructure, or sell the company. Read more at straitstimes ...
EFishery Pte is eliminating more than 1,000 jobs, or about 90% of the workforce, as the Indonesian agritech company suspected ...
Once a start-up darling, the agritech firm, hit by fraud allegations, is cutting over 1,000 jobs. Read more at ...
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 startup scene and scored a valuation of US$1.4 billion when G42, an AI firm controlled by United ...
Catch up on Indonesia’s latest startup news: eFishery’s internal investigation, rising deeptech investments, healthtech ...
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 ...
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