Foodtech darling Shiok Meats faces scale-up issues, employee allegations
Claudia Chong
LAB-GROWN seafood company Shiok Meats is changing tack after months of efforts to scale up production bore no fruit. The startup has lost half its staff in the last six months, and now faces allegations its core technology does not work.
Co-founder and chief executive Sandhya Sriram told The Business Times (BT): “We have come across some roadblocks and challenges as we tried to scale, and hence we are shifting our focus to red meat for now.”
The company’s subsidiary Gaia Foods, acquired in 2021, focuses on cell-based red meat.
TRENDING NOW
OCBC customers face difficulties accessing online, mobile banking services
SGX CEO Loh Boon Chye to step down; succession planning under way
Waymo founder predicts ‘landslide’ robotaxi adoption in Singapore, driven by high car costs
Vietnam’s northern provinces, not Hanoi or Ho Chi Minh City, are powering near 10% GDP growth