Aquaculture

eFishery Faces Dark Times: 90% Workforce Reduction Amid Liquidation Threat

6 days ago

eFishery, the Indonesian aquaculture startup, is reeling from severe financial struggles, announcing the shocking termination of about 90% of its workforce as the company battles the impending threat of liquidation. This drastic decision signals the company’s dire financial situation, following unsuccessful attempts to secure emergency funding.

Uncertain Future for eFishery: Backers Consider Liquidation or Buyout Options

15 days ago

In a significant turn of events for the aquaculture technology company eFishery, its investors are reportedly evaluating critical next steps amid mounting financial pressures. The discussions center on potential options ranging from a complete liquidation of the company to selling eFishery to a new buyer. This introspection comes at a time when the company is striving to navigate through challenging operational and financial landscapes.

Alarming Allegations: SoftBank-Backed Fish Startup Accused of Falsifying Sales Figures

1 month ago

In an unfolding scandal that shakes the investment community, a fish startup, backed by SoftBank, is facing serious allegations of fabricating much of its reported sales. The startup, known for its innovative approach in the aquaculture sector, has raised eyebrows among stakeholders and investors after a thorough investigation revealed discrepancies in its financial reporting.