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Farmers, employees left in limbo after alleged fraud discovered at Indonesian unicorn eFishery
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The labour union of eFishery staged a protest attended by more than 100 employees in January at its headquarters in Bandung, Indonesia.
PHOTO: EFISHERY WORKERS' UNION
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JAKARTA – Indonesian catfish farmer Mujahid, who goes by one name, runs 180 fish ponds in West Java province, and, since 2023, has supplied catfish solely to eFishery, one of Indonesia’s most prominent start-ups backed by Singapore’s Temasek and Japan’s SoftBank Group.
He has yet to receive any payment for eFishery’s purchase of around two tonnes of catfish in late November 2024, worth some 40 million rupiah (S$3,300).
