"Indonesian Entrepreneur's Digital Tool Transforms Fish Breeding, Creates Unicorn"
Indonesian entrepreneur Gibran Huzaifah has turned his aquaculture startup, eFishery, into a rare unicorn with a valuation of over $1 billion. Huzaifah's company provides fish breeders with an Internet of Things device that automates fish feeding and reduces costs. eFishery has expanded to work with around 300,000 fishponds and is now an end-to-end aquaculture value-chain company, offering financing and offtake services in addition to the feeding tool. The company aims to reach 1 million ponds by 2025 and expand internationally, with pilot projects already underway in Bangladesh, Thailand, and Vietnam. Huzaifah also plans to take eFishery public in the U.S.