In the eFishery case, reported sales of 400,000 fish feeders versus the verified 24,000 should have been an instant red flag, ...

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

In a few weeks, shareholders should vote on whether to wind down, restructure, or sell the company. Read more at straitstimes ...

INVESTORS in Indonesian unicorn eFishery must have felt their hearts sink with the revelation that the declared revenue and ...

SINGAPORE - Indonesian aquaculture start-up eFishery on Feb 4 announced that it has involved business consulting and ...

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 ...

Beleaguered Indonesian aquatech unicorn eFishery, which has raised multi-million-dollar funding rounds from investors such as ...

A series of fraud cases raises questions about due diligence, but also regulatory oversight, in Indonesia’s start-up scene at ...

An adviser probing the alleged accounting fraud at Indonesian agritech company eFishery recommended that investors make a ...

The union gathered to voice growing concerns about the company’s future and its impact on employees and stakeholders.

The Indonesian unicorn, which is in the eye of a storm for massively inflated revenue and profit numbers, has an India ...

JAKARTA -- Accusations of financial fraud at a prominent Indonesian startup backed by SoftBank Group and Temasek Holdings have sparked concerns over the company's governance, with experts saying the ...