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 misconduct including ...

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 ...