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 ...
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 ...
An adviser probing the alleged accounting fraud at Indonesian agritech company eFishery recommended that investors make a ...
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 ...
SINGAPORE - Indonesian aquaculture start-up eFishery on Feb 4 announced that it has involved business consulting and ...
INDONESIAN aquaculture startup eFishery on Tuesday (Feb 4) announced that it has involved business consulting and management ...
By bno - Surabaya bureau One of Southeast Asia’s most talked-about controversies is the alleged fraud at eFishery, an ...
Burning through investor money is often considered a justified strategy by tech start-ups to demonstrate impressive growth ...
Operational activities, especially those involving finance, have been halted since the dismissal of its CEO. Read more at ...
Beleaguered Indonesian aquatech unicorn eFishery, which has raised multi-million-dollar funding rounds from investors such as ...
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