‘Chilling effect': Here's what an Indonesian startup scandal means for the region's struggling scene
This could have a chilling effect for, conservatively, 12 months, but probably longer,” Justin Hall of Golden Gate Ventures ...
The Jakarta Post20h
Governance gaps, lax oversight hurt Indonesia’s start-up scene
A series of fraud cases raises questions about due diligence, but also regulatory oversight, in Indonesia’s start-up scene at ...
Asia Asset Management1d
Fraud at Asian startups ignite concern about investing public funds in high-risk firms
FashionValet burst into the spotlight in November when Malaysian sovereign wealth fund Khazanah Nasional and Permodalan Nasional, the country’s largest fund management company, incurred a 43.9 million ...
eFishery backers to weigh liquidation, buyout among options for scandal-hit start-up
In a few weeks, shareholders should vote on whether to wind down, restructure, or sell the company. Read more at straitstimes ...
The Edge Singapore1d
eFishery was a valuation scandal, not accounting fraud
The outcome was an extravagant valuation that had no connection to fundamentals. Even with its fabricated revenue, eFishery was trading at an EV/Sales ratio of two times. Agri-processors such as Japfa ...
EFishery Backers to Weigh Liquidation, Buyout Among Options
An adviser probing the alleged accounting fraud at Indonesian agritech company eFishery recommended that investors make a ...
EFishery Backers to Weigh Options Such as Liquidation or Buyout
An adviser probing the alleged accounting fraud at Indonesian agritech company eFishery recommended that investors make a ...
Business Times3dOpinion
eFishery fiasco: Are state-linked investors risking their reputation investing directly in startups?
INVESTORS in Indonesian unicorn eFishery must have felt their hearts sink with the revelation that the declared revenue and ...
Kontan3d
Startup eFishery Appoints FTI Consulting as Manager Amid Alleged Fraud Probe
EFishery has not given details of the allegations but FTI was brought in to conduct an investigation after alleged misconduct ...
FTI Consulting now in acting management of scandal-hit Indonesian unicorn eFishery
SINGAPORE - Indonesian aquaculture start-up eFishery on Feb 4 announced that it has involved business consulting and ...