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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
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.