eFishery and the Hard Truths Behind Indonesia’s Unicorn Woes

eFishery and the Hard Truths Behind Indonesia’s Unicorn Woes

The startup industry faces a significant challenge in rebuilding its reputation following the eFishery case.

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Senin, 21 April 2025 | 21:00

Bisnis.com, JAKARTA– The eFishery startup fraud case is considered a serious setback for investor confidence in Indonesia's venture capital landscape.

Historically, eFishery had reached unicorn status in early 2023, and was widely regarded by investors as a promising player in advancing the downstream sector. It's no surprise that it attracted significant funding and investor enthusiasm.

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