Startup Situation

startup situation in indo is horrible. many layoffs happened, growth declining, and even many got paycuts.

take an example, gojek or bukalapak, they shifted their business from a focused domain, to a superapp because in indonesia, business is market driven. no longer many investors would invest in indo or SEA. eFishery is one of the reasons why investors dont really want to enter indonesians startup.

we are fragile. even verihubs havent even met the revenue target this year. no bonus, no salary increase like majority of the startups in indonesia.

there are four ways for investors to exit their investment including IPO: