Tag: TEMASEK HOLDINGS
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eFishery Scandal and Its Implications for Southeast Asia’s Startup Ecosystem
The Indonesian agritech unicorn eFishery is facing an investigation for fraud and misconduct, impacting investor sentiment in Southeast Asia’s already struggling startup ecosystem. The ongoing probe revealed potential revenue inflation and profitability misrepresentation. In response, FTI Consulting has been appointed to manage eFishery, prompting concerns about increased scrutiny of investment in Indonesia, especially at the…