Collapse of eFishery Haunts Indonesia’s Startup Scene
NegativeFinancial Markets
- The collapse of eFishery, once a promising unicorn in Indonesia's startup ecosystem, has raised concerns among investors, leading to a shift in focus towards financial discipline rather than ambitious promises. This failure reflects broader challenges within the Indonesian market.
- The downfall of eFishery is significant as it not only impacts the company's stakeholders but also serves as a cautionary tale for other startups in Indonesia, emphasizing the need for sustainable business practices in a volatile economic environment.
- This incident occurs against a backdrop of increasing investor caution in Indonesia, highlighted by foreign outflows from the bond market and the potential collapse of the US
— via World Pulse Now AI Editorial System