Abandoned eFeeders in March.
Photographer: Rosa Panggabean/BloombergCEO Explains How He Faked Results in $300 Million Meltdown
Agritech venture eFishery was one of Asia’s brightest startups with money from the likes of SoftBank and Temasek. Then it all came crashing down.
(This story was originally published on April 15, 2025. On April 29, 2026, an Indonesian court sentenced Gibran to nine years in jail.)
As Gibran Huzaifah stared at the Excel spreadsheet on his laptop, he was looking into the void. eFishery, the Indonesian startup he'd built from a fish-feeding prototype to a 100-employee extension of himself, was just three months away from running out of cash.