Affected in a scandal in the ecosystem already in deep water
Efishery “was supposed to reflect what the local ecosystem could do and what Indonesian founders can do. For this, it is expected that Southeast Asia will be one of the better companies. This will be the winner.” Justin Hall, goalkeeping businesses from the Golden CNBC.
Dimas Ardian | Bloomberg | Getty pictures
The starting ecosystem of Southeast Asia has drought a very annual financing and a last scandal has a further blow to an investor in the region.
Indonesia Agritech Unicorn Efishery – Softbank was supported by investors as a group and Temasek Holdings – Indonesia was the best beginnings in Indonesia, but an ongoing prob show that a probe can participate in the financial statements of the company.
The company immediately did not respond to the CNBC request for comment.
Efishery’s Board of Directors on Saturday, FTI Consulting FTI consulting, which is the official company received by CNBC.
FTI Consulting said, “A statement that a statement that the company aims to support the ongoing efforts to a comprehensive and objective business investigation of the position of the position of the company.
In the initiative initiative initiative initiative initiative initiative initiative initiative initiative, it comes to the accounting of a corruption-financial accounting for $ 200 million until September 9 months declare.
The company claims that investors earn $ 16 million to investors, but according to the report of the investigation, the beginning claims the beginning of $ 35.4 million.
“(Efishery) was believed to reflect what the local ecosystem could do and what Indonesian founders could do. For that southeast Asia will be one of the better companies. It was believed to be the winner.” Justin Hall told CNBC in partner gold door facilities.
This companyIn 2023, in 2023, the Unicorn status in 2023, placing a smart nutrition system for fishing. But today it is reported that the company supports According to Bloomberg, cancellation between other options or taking into account shopping.
An ecosystem under water
The starting ecosystem of Southeast Asia has financed in the region, since the Covid-19 pandemia, since the Covid-19 pandemic has already faced a painful and expensive revaluation.
In 2024, the total agreement in the region decreased by 10.3% of the previous year, 633 transactions, in January 2025, from 41.7% to 41.7% to 41.7%. Deal Street Asia.
“In 2024 to put this in the prospect, in the first year of the Covid-19 Pandeme in 2020 and in 2021, 29.5% of the 2021 summit in 2021 amounted to 54.6%.
So where did the work come?
For some of the context, some began to grow relatively young in the startup stage of the region, only in the last ten years and in half.
“We only wanted this asset class, if you want,” JX Lye, founder and acme technology and former company General Director. “I would say that in early 2010, the silicone valley was the golden age … Everything happened – Uber, Airbnb, Dropbox all happens there.”
“But what happened in mid-2010 was suddenly interesting as the Southeast Asian growth story,” he said.
This was the first start of the first start in the region. Companies such as GOJEK, Carousell and Grab, were the first to present a way to gain strong opportunities or a profit for investors.
You saw what is an effective growth until Southeast Asia crashes in the post-journal.
Justin Hall
Partner, gold door facilities
Along with a successful wave, other factors that accelerate the growth of the region’s technological and startup ecosystem of the region during this period faced a framework as a result of the influx of investor interest.
There was a huge explosion of the “middle class” in the CNBC … “There were many forecasts that the consumer market in Southeast Asia would look like a mini Chinese, but this was not a pantry.”
Investors have been waiting for a very “live, high-spending energy consumer consumer market”, and thus guessing the frequency of companies, the operations, which are common, beginners are able to bring Aluwi.
“Many thought they would be favorable, but there were no affordable work models,” he said.
As a result, investors have begun to understand that some companies in the region have been evaluated, and the output has been known to be less and far.
“The biggest problem … There are very little access to the market, so there is no way to get investors’ money,” he said.
“It’s really hard to do business in Southeast Asia, because there is no such thing. In seven different languages, seven different languages ​​in Southeast Asia, Sevridhar said.
“In India or China, it’s not like the work where the local market is 1.4 billion or 1.2 billion people,” Sridhar added.
Since 2022, 2011 has seen a large spike in the region and the resource allocation. “You can say that Southeast Asia has seen an effective growth until the fact that the post-travel is crashed,” the salon CNBC said.
“You have a lot of money, there were many founders, and unfortunately, unfortunately, the capital formation has left the development of local markets,” he said.
The effect of scandal
Today, the allegations of fraud and misbehavior by Efishery were reflected everywhere in the region.
“We would like to admit broader effects for Indonesia’s startup ecosystem and communities serving in Indonesia,” said Efishery of Liver.
“All verses of allegations (including fraud) allegations within the group may have all traversed and trust in Indonesian investment climate, where the main subsidiaries of our group were confident.”
Aquakultura was captured as one of the most prominent examples that a good beginning looks like in the region.
“The next generation (EFishery) It was a lot of hope (bubble) explosion (bubble) explosion (allegedly), I think it’s disappointed for ecosystem,” Aluwi said.
I think it can have a conservative, 12 months, but for a longer period of refrigerator.
Justin Hall
Partner, gold door facilities
“I think Southeast Asia has definitely hit His perception … But those who will suffer the most will be the growth of growth in Indonesia,” he said. “I think that every good company in Indonesia will be further inspected, and investors are not worth an obstacle to invest in Indonesia.”
“I think it’s conservative, 12 months, but it has been longer but longer.
Industrial experts also echoed that the scandal is not strongly affected to invest only in the region, especially in Indonesia and in large extensive financial collection. It only affects the founders, but also to investors.
“I don’t think it will affect the early stage, because first your check sizes are small,” said Acme technology. “But I think that in the middle of the middle is that investors will be tougher … Because there are bigger tours.”
“And this is a problem because every financing round becomes very complex … Now they want to inspect, but you can’t provide it. This will increase your efforts.”
“This is not considered and unseen, indeed? Because then a fundraising tour can kill your company,” he said.
Silver lined
As a result, although the scandal sent shock waves through the starting scene in Southeast Asia, industrial experts agreed with a silver lining: Lessons learned.
“I am very pessimist, this is going to reduce the invested dollars. If I become more optimistic, it is not going to reduce the dollar – unlock it will take longer for the dollar,” he said.
“I think this is a good thing in a long time. Companies must investigate management. Investors should be extremely efficient,” Hall added.
Along with better effort and management, investors will be key to improving the financing drought by seeing more successful performances.
“There should be local speeches. There must be global performances. In fact, there should be companies that can return money to investors and then indirectly,” he said.
Today, the founders and investors realized the same forecasts and now regulate and regulate what is possible to market.
“This calculation was opened a long time ago … (people) is not just expectations. Work,” said Salon.
As a result, Southeast Asia is still the third largest population in the world. Indonesia is the world’s fourth largest country, “he said. “All of these failures and challenges will be more economical, only the next wave of business owners, entrepreneurs and investors … We will all be stronger.”
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