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 ...

The company, called eFishery, reportedly told investors including SoftBank that it had revenue of $752 million for the nine months through September of last year when the real amount was actually ...

"This could have a chilling effect for, conservatively, 12 months, but probably longer," Justin Hall of Golden Gate Ventures ...

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 ...

SINGAPORE (Reuters) - Indonesian aquaculture tech startup, eFishery, said on Tuesday that it has appointed business advisory firm FTI Consulting to act as its new management following allegations of ...

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 – One of Indonesia’s most prominent start-ups, eFishery, may have inflated its revenue and profit over several years, according to an internal investigation triggered by a whistle ...

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 ...

[JAKARTA] Employees of Indonesia’s aquaculture startup eFishery have pushed back against allegations of systematic fraud within the company, staging a protest on Thursday (Jan 23) to demand ...

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 ...