{"id":5314,"date":"2024-09-10T00:00:00","date_gmt":"2024-09-09T16:00:00","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=5314"},"modified":"2024-09-07T23:44:24","modified_gmt":"2024-09-07T15:44:24","slug":"daily-markup-1070-efisherys-debut-year-in-india-reels-in-positive-ebitda-and-us5m-in-revenue-plans-to-grow-in-more-asian-markets","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=5314","title":{"rendered":"Daily Markup #1070: eFishery\u2019s debut year in India reels in positive EBITDA and US$5M+ in revenue; plans to grow in more Asian markets"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXeITblZTLt-1-4BHrNkrXHHYoFd5WrdsoUH1vD5Hs9CcBWCPzG5Ajo9sELyWZ0mOcsB-OWN4SuZyrYeKWoW0HSGGB0L5n2pwGVMV_EbxVbMwCuYu4AL9xLMW9Z8l1X1HHeMPMG0i26JKz5Sx1hEtA5cDxQ?key=4UXmkspThSBE20Y6AcVKZA\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Photo credit: eFishery<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Profitable ponds<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Just one year in, 500-backed aquaculture company <a href=\"https:\/\/efishery.com\/en\/\">eFishery<\/a>\u2019s India operations have turned EBITDA positive with revenue of over US$5M!<\/li>\n\n\n\n<li>\u201cIn India, we didn\u2019t start from scratch. We brought a decade\u2019s worth of learning from Indonesia. By recruiting a trusted local team and implementing the technology from Indonesia, our growth in India has been incremental,\u201d shared Co-founder &amp; CEO <a href=\"https:\/\/www.linkedin.com\/in\/gibran-huzaifah-6358a04a\/\">Gibran Huzaifah<\/a>.<\/li>\n\n\n\n<li>The team\u2019s calculated entry into India also contributed to their success \u2014 there are few direct competitors in the freshwater fish farming sector and by focusing operations in Andhra Pradesh, which is the biggest contributor to India\u2019s aquaculture sector, accounting for 40.9% of the total national aquaculture production in 2022-23.<\/li>\n\n\n\n<li>To date, the team has partnered with more than 100 ponds and plans to double this figure in the coming year.<\/li>\n\n\n\n<li>Moving forward, eFishery aims to strengthen their value in more Asian markets, including China, South Korea, Japan and the Middle East, starting with tilapia and shrimp exports. They are already shipping to the US market and are currently preparing for certification to meet higher standards required for the European export market.<\/li>\n\n\n\n<li>For the next phase, the company aims to increase the value-add of fish products among consumers by developing frozen, filet, ready-to-cook, and even ready-to-eat products, which can offer higher selling prices.<\/li>\n\n\n\n<li>Read the full story on <a href=\"https:\/\/bit.ly\/4e9eY07\">DealStreetAsia<\/a>. A subscription may be required.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Profitable ponds<\/p>\n","protected":false},"author":5,"featured_media":5315,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[351],"class_list":["post-5314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-efishery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #1070: eFishery\u2019s debut year in India reels in positive EBITDA and US$5M+ in revenue; plans to grow in more Asian markets - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=5314\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #1070: eFishery\u2019s debut year in India reels in positive EBITDA and US$5M+ in revenue; plans to grow in more Asian markets - Markup\" \/>\n<meta property=\"og:description\" content=\"Profitable ponds\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailymarkup.com\/?p=5314\" \/>\n<meta property=\"og:site_name\" content=\"Markup\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/500southeastasia\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-09T16:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-07T15:44:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2024\/09\/eFishery_announced_the_completion_of_its_commercial_pilot_in_India__marking_a_significant_milestone.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ching Yee Ho\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailymarkup.com\/#website\",\"url\":\"https:\/\/dailymarkup.com\/\",\"name\":\"Markup\",\"description\":\"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailymarkup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/?p=5314#primaryimage\",\"url\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2024\/09\/eFishery_announced_the_completion_of_its_commercial_pilot_in_India__marking_a_significant_milestone.jpg\",\"contentUrl\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2024\/09\/eFishery_announced_the_completion_of_its_commercial_pilot_in_India__marking_a_significant_milestone.jpg\",\"width\":1920,\"height\":1440},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailymarkup.com\/?p=5314#webpage\",\"url\":\"https:\/\/dailymarkup.com\/?p=5314\",\"name\":\"Daily Markup #1070: eFishery\u2019s debut year in India reels in positive EBITDA and US$5M+ in revenue; 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