An adviser probing the alleged accounting fraud at Indonesian agritech company eFishery recommended that investors make a ...
In a few weeks, shareholders should vote on whether to wind down, restructure, or sell the company. Read more at straitstimes ...
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 ...
Catch up on Indonesia’s latest startup news: eFishery’s internal investigation, rising deeptech investments, healthtech ...
In the eFishery case, reported sales of 400,000 fish feeders versus the verified 24,000 should have been an instant red flag, ...
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 ...
4don MSN
This could have a chilling effect for, conservatively, 12 months, but probably longer,” Justin Hall of Golden Gate Ventures ...
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 ...
An adviser probing the alleged accounting fraud at Indonesian agritech company eFishery recommended that investors make a decision on whether to liquidate or restructure the company as soon as this ...
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