honestbee's restructuring may hinge on fixing business model

TO convince creditors to back its debt restructuring plans, honestbee must demonstrate its business viability in the cutthroat offline-to-online retail scene, industry watchers told The Business...

honestbee faces S$6m of demands, owes at least US$209m: court documents

HONESTBEE has received demands from creditors claiming S$6 million, and owes about US$209 million to its largest creditors, the embattled grocery startup revealed in an affidavit filed at a...

honestbee creditor sues ex-CEO for US$3.8m loaned to startup

HONESTBEE co-founder and former chief executive Joel Sng is being sued by a creditor of the company for the repayment of a US$3.8 million loan that was made to honestbee, according to High Court...



honestbee seeks court protection for over US$180m of debt; lays off 38 staff

HONESTBEE has applied to the High Court to kick off a court-supervised restructuring process that would give it a six-month reprieve from its creditors, whom it owes over US$180 million, chief...

Paring down debt pile top of mind for honestbee's new CEO

A CONSORTIUM of white knights and strategic partners is what honestbee's newly-minted chief executive Ong Lay Ann believes will turn the embattled grocery delivery startup around.

honestbee focusing on fund raising and righting its ship

TROUBLED grocery-delivery startup honestbee appears to be jettisoning excess cargo as it seeks fresh capital and rights its course as an online-to-offline retail play.

honestbee to stop food delivery in Singapore, suspend laundry service; move hits 400 delivery persons

STRUGGLING food delivery startup honestbee is halting its food delivery business in Singapore and suspending its laundry service with effect from May 20, affecting some 400 freelance delivery persons.

S$20m funding sought for honestbee; no update on strategy tweak

INVESTORS were approached about raising at least S$20 million for struggling grocery delivery startup honestbee earlier this month following its leadership shuffle, The Business Times understands...

Pioneer in disrupting grocery shopping scene

Grocery and delivery start-up Honestbee is still sticking to the same ethos that it had started out with - to add value for customers in Asia and improve their food experiences.

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