ONCE hailed as a visionary in Indonesia’s agritech scene, eFishery co-founder and ex-CEO Gibran Huzaifah now finds himself at the centre of a scandal that promises to go down as one of the most ...
EFISHERY co-founder and ousted chief executive Gibran Huzaifah has denied media reports saying he received a gross monthly salary of 1.28 billion rupiah (US$77,000) in 2024. “That amount is untrue – I ...
Lawyers say the eFishery incident exposed weak regulatory supervision and governance standards in Indonesia. It also ...
Investigators hired by the board of eFishery have determined the Indonesian start-up is in far worse shape than they previously thought, and that investors are likely to get back less than 10 US ...
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'Chilling effect': Here's what an Indonesian startup scandal means for the region struggling with fundraisingEFishery's board of directors announced on Tuesday ... if you will," said Jx Lye, founder and CEO of Acme Technology and former COO of Endowus. "I would say that the early 2010s were the golden ...
The fallen startup, whose financial backers include SoftBank Group Corp. and Singapore’s Temasek Holdings Pte., had been a star of Indonesia’s startup scene. eFishery was valued at $1.4 ...
About 76 per cent of eFishery’s US$68 million in accounts receivable were deemed as bad debt more than 60 days overdue, with the company ultimately liable for the bulk of loans it facilitated ...
(Bloomberg) — Investigators hired by the board of eFishery Pte. have determined the Indonesian startup is in far worse shape than they previously thought, and that investors are likely to get back ...
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