Indonesia $1.4 Billion Startup eFishery with $415 Million Funds Raised Inflated Revenue by $595 Million for 2024 (January to September) to $752 Million & Generated Loss of $35.4 Million But Reported $16 Million Profit, Draft Report Produced by FTI Consulting, PwC & Grant Thornton were Auditors of eFisher, Co-Founders CEO Gibran Huzaifah & Chief Product Officer Chrisna Aditya Suspended for Ongoing Investigation for Financial Misconduct Including on Financial Reports & Revenue
23rd January 2025 | Hong Kong
Indonesia startup eFishery ($1.4 billion valuation) with $415 million funds raised has been reported to may have inflated revenue by $595 million for 2024 (January to September) to $752 million (Actual: $157 million), and generated a loss of $35.4 million but reported a $16 million profit for 2024 (January to September). The draft report is produced by FTI Consulting. PwC and Grant Thornton were the auditors of eFishery. In 2024 December, eFishery has suspended co-founders CEO Gibran Huzaifah & Chief Product Officer Chrisna Aditya for ongoing investigation for financial misconduct including on financial reports & revenue. eFishery announced the appointment of Adhy Wibisono as interim CEO & Albertus Sasmitra as interim CFO. In 2023 May, Indonesia eFishery has raised $200 million in Series D funding at more than $1 billion valuation, with investors including 42XFund, Kumpulan Wang Persaraan (Diperbadankan), SoftBank Vision Fund 2, Temasek, Northstar Group, Responsability & 500 Global. Goldman Sachs was the exclusive financial advisor for eFishery. In 2022 January, eFishery had raised $90 million in Series C funding from SoftBank Vision Fund 2, Sequoia Capital India & Temasek (Singapore). eFishery is an agriculture-technology company providing integrated feeding solutions for fish & shrimp farming to help local seafood farmers save costs & improve productivity. eFishery was founded in 2013 by CEO Gibran Huzaifah Amsi El Farizy (Indonesian).
“ Indonesia $1.4 Billion Startup eFishery with $415 Million Funds Raised Inflated Revenue by $595 Million for 2024 (January to September) to $752 Million & Generated Loss of $35.4 Million But Reported $16 Million Profit, Draft Report Produced by FTI Consulting, PwC & Grant Thornton were Auditors of eFisher, Co-Founders CEO Gibran Huzaifah & Chief Product Officer Chrisna Aditya Suspended for Ongoing Investigation for Financial Misconduct Including on Financial Reports & Revenue “
Indonesia Startup eFishery with $415 Million Funds Raised Suspends Co-Founders CEO Gibran Huzaifah & Chief Product Officer Chrisna Aditya for Ongoing Investigation for Financial Misconduct Including on Financial Reports & Revenue, Appoints Adhy Wibisono as Interim CEO & Albertus Sasmitra as Interim CFO
17th December 2024 – Indonesia startup eFishery with $415 million funds raised has suspended co-founders CEO Gibran Huzaifah & Chief Product Officer Chrisna Aditya for ongoing investigation for financial misconduct including on financial reports & revenue. eFishery announced the appointment of Adhy Wibisono as interim CEO & Albertus Sasmitra as interim CFO. In 2023 May, Indonesia eFishery has raised $200 million in Series D funding at more than $1 billion valuation, with investors including 42XFund, Kumpulan Wang Persaraan (Diperbadankan), SoftBank Vision Fund 2, Temasek, Northstar Group, Responsability & 500 Global. Goldman Sachs was the exclusive financial advisor for eFishery. In 2022 January, eFishery had raised $90 million in Series C funding from SoftBank Vision Fund 2, Sequoia Capital India & Temasek (Singapore). eFishery is an agriculture-technology company providing integrated feeding solutions for fish & shrimp farming to help local seafood farmers save costs & improve productivity. eFishery was founded in 2013 by CEO Gibran Huzaifah Amsi El Farizy (Indonesian).
Indonesia eFishery Raised $108 Million in Series D Funding at $1.3 Billion Valuation with Investors Including SoftBank Vision Fund 2 & Northstar Group
27th May 2023 – Indonesia eFishery has raised $108 million in Series D funding at $1.3 billion valuation, with investors including SoftBank Vision Fund 2 & Northstar Group. In 2022 January, eFishery had raised $90 million in Series C funding from SoftBank Vision Fund 2, Sequoia Capital India & Temasek (Singapore). eFishery is an agriculture-technology company providing integrated feeding solutions for fish & shrimp farming to help local seafood farmers save costs & improve productivity. eFishery is founded in 2013 by CEO Gibran Huzaifah Amsi El Farizy (Age 33, Indonesian).
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