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The Tiger Global-backed startup wanted to organize the B2B fish business in India. It’s given up on that now—and there are some valuable lessons in its story.

The Mideast tech giant is scaling back verticals in Saudi Arabia and possibly rethinking global operations.
Most business-to-business companies waiting to list on the public markets have a problem that prospective investors should be aware of: severe indebtedness.
The seafood company solved its demand problem by aggressively buying global distributors. Now it has a financing problem that it can't solve without public money.