‘Chilling effect': Here's what an Indonesian startup scandal means for the region's struggling scene
This could have a chilling effect for, conservatively, 12 months, but probably longer,” Justin Hall of Golden Gate Ventures ...
The Jakarta Post5h
Governance gaps, lax oversight hurt Indonesia’s start-up scene
A series of fraud cases raises questions about due diligence, but also regulatory oversight, in Indonesia’s start-up scene at ...
Asia Asset Management13h
Fraud at Asian startups ignite concern about investing public funds in high-risk firms
FashionValet burst into the spotlight in November when Malaysian sovereign wealth fund Khazanah Nasional and Permodalan Nasional, the country’s largest fund management company, incurred a 43.9 million ...
eFishery backers to weigh liquidation, buyout among options for scandal-hit start-up
In a few weeks, shareholders should vote on whether to wind down, restructure, or sell the company. Read more at straitstimes ...
The Edge Singapore23h
eFishery was a valuation scandal, not accounting fraud
The outcome was an extravagant valuation that had no connection to fundamentals. Even with its fabricated revenue, eFishery was trading at an EV/Sales ratio of two times. Agri-processors such as Japfa ...