eFishery

Indonesia’s eFishery unicorn allegedly faked most of its sales – report

The allegations of fraud may be damaging for Indonesia’s startup scene, and come at a critical time as young companies and investors in the country struggle to raise new funding. eFishery was the nation’s latest so-called unicorn, or a startup valued at more than $1 billion, Bloomberg added.

[Year in review] Southeast Asia’s Top 10 tech news in 2024

As we usher into 2025, hoping for a better year, here are Southeast Asia’s top 10 tech news in 2024.

Temasek-backed Indonesian unicorn eFishery suspends founders, appoints interim CEO, CFO – report

In July last year, eFishery announced it has raised $200 million in its Series D funding round. The round was led by Abu Dhabi-based global fund manager 42XFund and backed by Malaysia’s largest public sector pension fund, Kumpulan Wang Persaraan (Diperbadankan) (KWAP), Switzerland-based asset manager responsAbility, early investor multi-stage venture…

Indonesia’s eFishery to expand Indian market after positive first year achievements

EFishery, an Indonesian aquaculture technology company, intends to continue expanding the Indian market by targeting other strategic areas in India, especially South and East India, after positive first year achievements.

EFishery hires Indonesia’s IoT expert to accelerate technological development for aquaculture

Indonesian aqua-tech startup eFishery has on last Thursday announced the integration of Andri Yadi and his team, who were previously the driving force behind one of Indonesia’s most innovative and pioneering artificial intelligence of things (AIoT) startups, into its AIoT & Cultivation Intelligence Division.

Indonesia’s aquaculture company eFishery expands to India

Indonesia-based aquaculture company eFishery has announced the completion of its commercial pilot in India, marking a significant milestone in its global expansion journey. The firm has kicked off the pilot project in March of this year, has successfully acquired over 1,000 acres of ponds under contract, and has now distributed more than 3,000 metric tons…

Indonesia’s eFishery raises $200M in Series D funding led by 42XFund

Indonesia’s aquaculture company eFishery has successfully raised $200 million in its Series D funding round, propelling the company’s target to expand Indonesia’s aquaculture farming community and increase fish feed and fresh fish transaction on its platform.

Indonesia’s eFishery earns unicorn tag after raising Series D round – report

It was reported that 42XFund contributed $100 million to the round, while SoftBank Vision Fund II chipped in nearly $5 million, according to eFishery’s filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA). Southeast Asian private equity firm Northstar Group invested $3 million.

Indonesia’s eFishery sets to be a unicorn as firm “in advanced talks” to raise $100M – report

If the deal goes through, the start-up is set to join Indonesia’s growing list of tech unicorns.

Indonesian agritech start-up eFishery raises $90M Series C to expand throughout Asia

eFishery has successfully closed $90 million in its Series C round. This round of investment was co-led by Temasek, SoftBank Vision Fund 2, and Sequoia Capital India, with participation from existing investors including the Northstar Group, Go-Ventures, Aqua-Spark, and Wavemaker Partners. The funds raised will be used to scale up its platform and to…