The financial fraud surrounding eFishery, one of Indonesia's most promising startups, will have a ripple effect on Southeast ...

Global venture capital (VC) firm Antler is known to incubate nascent startups from day zero, having backed companies like ...

SoftBank, Temasek Among eFishery Investors Facing Near Wipeout Startup’s backers likely to recover under 10% of investments Indonesian firm allegedly misrepresented financials for years ...

(Bloomberg) -- 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. The cuts began ...

In all, global investors plowed around $315 million into eFishery’s preferred shares over five funding rounds, according to the presentation. In late 2024, the company was rocked by allegations ...

Recent revelations have highlighted how the alleged fraud at the Indonesian aquaculture firm eFishery had enabled its ...

(Bloomberg) — Investigators hired by the board of eFishery Pte. have determined the Indonesian startup is in far worse shape than they previously thought, and that investors are likely to get back ...

Investigators hired by the board of eFishery have determined the Indonesian start-up is in far worse shape than they previously thought, and that investors are likely to get back less than 10 US ...

Investigators hired by the board of eFishery have determined the Indonesian startup is in far worse shape than they previously thought, and that investors are likely to get back less than 10 cents for ...

Back in 2023, Indonesian agritech start-up eFishery raised $200 million in Series D funding, pushing the company into unicorn status with a valuation of around $1.4 billion. With big backers like ...

INDONESIAN aquatech unicorn eFishery is ramping up plans to axe employees as it struggles to manage the fallout from its ongoing crisis. “The layoffs are happening in multiple waves, with different ...