efishery

2+ articles

Indonesia Indonesian startup crisis Southeast Asia aquaculture aquaculture tech

eFishery Faces Turbulence: Layoffs and Fraud Allegations Shake Indonesian Aquaculture Unicorn

eFishery, Indonesia's celebrated aquaculture unicorn, is in hot water amidst swirling rumors of layoffs and financial misconduct. Allegations include revenue inflation by a whopping US$600 million, sparking industry-wide concern and uproar among employees. This news follows a troubling trend in Indonesia's tech sector, with previous hits to peers like Investree and TaniFund. Could this be a sign of deeper issues within the startup ecosystem? Stay tuned as eFishery's crisis unfolds.

Jan 26

eFishery Faces Turbulence: Layoffs and Fraud Allegations Shake Indonesian Aquaculture Unicorn

eFishery Faces Stormy Waters with Alleged $600 Million Fraud & Layoff Rumors!

eFishery, Indonesia's flagship aquaculture tech unicorn, is under fire as rumors swirl about massive layoffs and fraud allegations totaling $600 million. The company's employees, backed by newly-formed unions, are demanding transparency as they brace for potential upheavals in operations. This comes amid wider concerns over financial practices in the Southeast Asian tech scene.

Jan 26

eFishery Faces Stormy Waters with Alleged $600 Million Fraud & Layoff Rumors!