- Indonesian tech unicorn eFishery reshuffles leadership
- Interim executives replace suspended founders
- Investigation underway
Unicorn Startup Hits Unexpected Turbulence
Indonesian aquaculture technology startup eFishery has dramatically suspended its co-founders, appointing interim leadership amid an ongoing investigation into potential financial irregularities.
Adhy Wibisono steps in as interim CEO, replacing Gibran Huzaifah, and Albertus Sasmitra takes the interim CFO role previously held by Chrisna Aditya.
Governance Gets a Rapid Reset
The company, which has raised $415 million in funding and expanded into international markets like India, emphasized its commitment to transparent governance through this leadership transition. This marks the second C-level leadership change for eFishery in 2024, following the resignation of former CFO Dhianendra Laksmana in April.
Strategic Moves Under Microscope
Founded in 2013, eFishery has been a pioneering aquaculture technology platform, disrupting traditional fish farming methods by providing end-to-end solutions for farmers.
The startup’s strategic investors, including Temasek and SoftBank, appear to be supporting the internal investigation, signaling a proactive approach to maintaining the company’s integrity and market position.
