Temasek-backed agritech firm eFishery suspends co-founders over alleged embezzlement

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Eco-Business 22h ago

Temasek-backed agritech firm eFishery suspends co-founders over alleged embezzlement - Eco-Business

Quick Summary:

Just months after talking about going public following a successful US$200 million funding round, Southeast Asia’s first agritech unicorn eFishery has appointed a new interim CEO and CFO, in its second leadership shake-up this year.

According to Gibran then, the funds would be used to expand in Indonesia and India as well as to make the export of shrimp products fully traceable and chemical-free to the international market, before pursuing an initial public offering.

Dr Theresa Mundita Lim concludes her six-year tenure as the centre’s first female executive director, where she championed a regional biodiversity fund, among other initiatives.