Indonesian aquatech unicorn eFishery’s Indian operations have turned EBITDA positive after the first commercial year with revenue exceeding $5 million, an executive said at a press conference in Jakarta on Wednesday.
The company, which commercially launched in India in March 2023, attributed the success to several factors, including the state of fish farmers in India, the lack of direct competitors in the freshwater fish farming sector, and a more concentrated supply chain with operations focused on a single state (Andhra Pradesh).
