Scandal-hit Indonesian start-up eFishery cuts about 90% of jobs as potential liquidation looms
Once a start-up darling, the agritech firm, hit by fraud allegations, is cutting over 1,000 jobs. Read more at ...
Business Times15h
Fraud-hit eFishery slashes over 1,000 jobs as company weighs liquidation
INDONESIAN aquatech unicorn eFishery is ramping up plans to axe employees as it struggles to manage the fallout from its ...
Indonesian agritech EFishery cuts 90% of jobs, report says
EFishery Pte, an Indonesian agritech firm, is in the process of eliminating more than 1,000 jobs, which is roughly 90% of its workforce, Bloomberg reported on Thursday.
EFishery Cuts About 90% of Jobs as Potential Liquidation Looms
EFishery Pte is eliminating more than 1,000 jobs, or about 90% of the workforce, as the Indonesian agritech company suspected ...
SoftBank swings to $2.4 billion loss in Q3 as value of Vision Fund’s holdings take a hit
SoftBank Group Corp. swung to losses for the December quarter due to a drop in the value of the Vision Fund’s public holdings ...
Business Times2d
Indonesia’s eFishery scandal sparks fears of broader reckoning for agritech
JAKARTA] The alleged fraud at Indonesia’s aquaculture unicorn eFishery has shaken the agritech sector, with the once-thriving ...
dailysocial.id4d
Grab-GoTo merger talks resumes 🛵 eFishery takes in new management🎣 commoditization of LLMs 🤖
Catch up on Indonesia’s latest startup news: eFishery’s internal investigation, rising deeptech investments, healthtech ...
The Jakarta Post6dOpinion
How investor biases can enable fraud in start-ups
In the eFishery case, reported sales of 400,000 fish feeders versus the verified 24,000 should have been an instant red flag, ...
‘Chilling effect': Here's what an Indonesian startup scandal means for the region's struggling scene
This could have a chilling effect for, conservatively, 12 months, but probably longer,” Justin Hall of Golden Gate Ventures ...
Asia Asset Management8d
Fraud at Asian startups ignite concern about investing public funds in high-risk firms
FashionValet burst into the spotlight in November when Malaysian sovereign wealth fund Khazanah Nasional and Permodalan Nasional, the country’s largest fund management company, incurred a 43.9 million ...