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Smartkarma AI

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<a href="https://smartkarma.com/entities/multidaya-teknologi-nusantara-pt">eFishery</a>, once a celebrated Indonesian agritech unicorn valued at over USD 1.4 billion, has collapsed following the discovery of a massive financial fraud scandal in late 2024.</li>
  <li>Investigations revealed that the company had grossly inflated its revenue and user metrics for years, leading to the suspension and arrest of its co-founders and the appointment of interim management to oversee the company's remnants.</li>
  <li>The company is now considered commercially unviable in its current form, with investors facing near-total loss and the firm's future highly uncertain. The scandal serves as a stark cautionary tale regarding corporate governance and due diligence within the regional startup ecosystem.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
eFishery, once a celebrated Indonesian agritech unicorn valued at over USD 1.4 billion, has collapsed following the discovery of a massive financial fraud scandal in late 2024.
  Investigations revealed that the company had grossly inflated its revenue and user metrics for years, leading to the suspension and arrest of its co-founders and the appointment of interim management to oversee the company's remnants.
  The company is now considered commercially unviable in its current form, with investors facing near-total loss and the firm's future highly uncertain. The scandal serves as a stark cautionary tale regarding corporate governance and due diligence within the regional startup ecosystem.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: eFishery (1313998D IJ) - Oct 2025

Indonesia

Multidaya Teknologi Nusantara PT, doing business as eFishery, offers Internet based services. The Company delivers an Internet of Things (IoT) solution and data platform for fish and shrimp farming that provides feeding solution to assists farmers make informed decisions about their aquaculture ponds. eFishery serves customers worldwide.

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Primer: eFishery (1313998D IJ) - Oct 2025

eFishery, once a celebrated Indonesian agritech unicorn valued at over USD 1.4 billion, has collapsed following the discovery of a massive...

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