The recent revelations surrounding eFishery, once hailed as a beacon of innovation in Southeast Asia’s burgeoning food tech industry, have sent shockwaves through the investment community. Allegations of financial misconduct and mismanagement have prompted investors to reassess the viability and transparency of startups operating in this space. As trust erodes, venture capitalists and institutional backers are pausing their usual enthusiasm, favoring more rigorous due diligence and demanding clearer governance frameworks before committing funds. This growing skepticism threatens to slow down the pace of innovation and expansion, and could stunt the influx of capital that Southeast Asia’s food tech ambitions heavily rely upon.

Key concerns…