Building a regional unicorn with a farmer-first approach

  • Dhianendra Laksmana, CFO, eFishery
  • In conversation with Tabita Diela, Correspondent (Indonesia), DealStreetAsia

Founded in 2013 in the West Java city of Bandung, eFishery offers an Internet of Things-based digital auto feeder to enhance accountability, efficiency, and convenience in the fish-farming business. eFishery became SE Asia’s only unicorn so far in 2023 after its Series D round, emerging as an outlier amid the ongoing liquidity crunch and a slowdown in dealmaking. What next for eFishery after achieving the unicorn tag? The fundraising journey and the experience of having a diverse cap table? How did eFishery become the harbinger of change for Indonesia’s vast aquaculture ecosystem?