Founded in 2013 and headquartered in Bandung, Indonesia, eFishery develops technology solutions for aquaculture, offering smart feeding devices, cloud-based monitoring platforms, and access to feed, financing, and market opportunities for fish and shrimp farmers. The company uses IoT technology to optimize feed efficiency and provide data-driven insights to improve farm productivity and sustainability.
At its peak, eFishery achieved unicorn status in 2023 with a $1.4 billion valuation following a $200 million Series D funding round. Revenue estimates reach approximately $475 million, with a workforce of 500-900 employees. The platform operates across 120+ Indonesian cities, serving both small-scale farmers and large commercial aquaculture operations.
Recent Leadership Developments
In December 2024, Co-Founder and CEO Gibran Huzaifah was suspended following allegations of financial irregularities. The company subsequently underwent significant restructuring, with FTI Consulting appointing Martin Wong as CEO in February 2025 and implementing a 90% workforce reduction.
Facts compiled by Executive Moves from publicly available news and press releases on 31 August 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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