Aquaculture

Scandal Unveiled: Former eFishery CEO Gibran Huzaifah Accused of Faking Financial Figures

22 hours ago

In a shocking turn of events within the Indonesian startup scene, Gibran Huzaifah, the former CEO of eFishery, has come under fire for allegedly manipulating financial data to present a misleading picture of the company's performance. This revelation has sent ripples through the entrepreneurial community and raised serious concerns about the ethics and transparency within the burgeoning tech ecosystem in Indonesia.

Major Setback for SoftBank and Temasek: eFishery Investors Face Potential Losses

2 months ago

In a shocking turn of events, prominent investors SoftBank and Temasek are reportedly facing substantial financial losses tied to the fish feed startup eFishery. The company, once a beacon of hope in the aquaculture sector, is now grappling with challenges that threaten to wipe out a significant portion of their investments, raising concerns over the sustainability of its business model.

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

2 months 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

2 months 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

3 months 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.