Press Note
Indonesia
Source by:- Bloomberg news hub
19 December 2025, 5:30 AM
Collapse of eFishery Haunts Indonesia’s Startup Scene
Failure of the one-time unicorn is turning investors wary, forcing founders to prioritize discipline over big promises.
Indonesian startups are opting for frugality, focusing on revenue over the constant hunt for new backers.Photographer: Muhammad Fadli/Bloomberg
Vincent Tjendra and Marcella Moniaga spent most of this year trying, and failing, to raise fresh capital for Astro, their quick-commerce startup in Indonesia.
Meeting after meeting, the duo felt a growing aversion from investors. A prolonged funding crunch and a full-blown scandal earlier this year at agritech venture eFishery, another Indonesian startup, meant a narrowing of possibilities for entrepreneurs.
RNI:- MPBIL/25/A1465
Devashish Tokekar
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