Food, grocery delivery startups struggle with order deluge
THE Covid-19 outbreak has sent demand for grocery and food delivery services spiking, testing the resilience of their logistics capabilities. The pressure could spur these players to strengthen...
Red hot demand forces RedMart to suspend new orders, Specialty Stores marketplace
ONLINE grocer RedMart has freezed new orders up till Saturday, while also suspending its RedMart Specialty Stores (RSS) online marketplace from Thursday, amid a demand surge triggered by the Covid...
honestbee loses court protection from creditors
THE Singapore High Court has dismissed honestbee's application to convene a scheme meeting to restructure some US$230 million worth of debt, The Business Times has learned. This effectively opens...
Brian Koo may withdraw lifeline for honestbee
HONESTBEE may lose the support of its white knight, LG scion Brian Koo, the distressed startup told its creditors in an e-mail on Wednesday evening seen by The Business Times.
honestbee sold some assets at discount; S$260k of art in storage
DISTRESSED startup honestbee has sold off some of its furniture and goods to its staff, including its management, at a 20 to 30 per cent discount to the purchase price depending on the item,...
honestbee's art stash includes iconic Lichtenstein painting Bedroom
CONTRARY to the scrappiness of startup culture, honestbee's concept supermarket habitat was full of exquisite fine art.
honestbee lays off estimated 70-80% of staff amid pivot to pizza joint
DISTRESSED startup honestbee laid off about the bulk of its 60-odd headcount on Monday evening, The Business Times has learned, with several sources estimating that between 70 per cent to 80 per...
honestbee plans pizza joint despite staff going unpaid for February
DISTRESSED startup honestbee plans to open a pizza shop in Siglap, and has already shifted kitchen equipment and furniture to a shophouse unit at Upper East Coast Road, The Business Times...
Profitability drive, business pivot cited as reasons for CXA layoffs
THE recent layoff of a dozen staff at CXA Group arose from investors wanting to see a "clear path to profitability", while the insurtech startup is seeking to raise US$50 million in Series C funds...
honestbee clears out furniture from habitat; police called in
TENSIONS between honestbee and landlord LHN Space Resources have escalated with police called in on Feb 28 after the embattled startup moved its furniture and fixtures out of its concept...