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