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eFishery, once considered one of Asia's most promising agritech startups backed by major investors including SoftBank and Temasek, has admitted to inflating its financial figures, resulting in a $300 million collapse. The company's CEO, Gibran Huzaifah, revealed the reasons behind the financial misrepresentation in discussions with Bloomberg. This revelation follows a broader context of economic challenges in the region, including Indonesia's stock index decline and the rupiah hitting a 25-year low, which has created mixed sentiments among tech venture capitalists. Separately, a feud within Singapore's wealthiest family has come to light, exposing long-standing tensions between the 84-year-old patriarch and his son, further highlighting the complex dynamics within Asia's business landscape.
Agritech venture eFishery was one of Asia’s brightest startups with money from SoftBank and Temasek. Then it all came crashing down. Gibran Huzaifah told Bloomberg's @oliviapohtech why he did it https://t.co/2WHtT4dmvm https://t.co/maeXq44hru
A recent feud inside Singapore’s richest family exposed a surprising rift between its 84-year-old patriarch and his son. Behind the scenes, tensions were simmering for years. Read The Big Take https://t.co/Z26QxZ4gzR via @wealth @sherylleett @DextLow @bberntoh @serenangy
On today’s Big Take Asia podcast, K. Oanh Ha sits down with @sherylleett and @DextLow to discuss the drama inside Singapore's richest family and how investors are navigating its fallout https://t.co/b84Sw4E381 https://t.co/A0mxLU45B1
