honestbee halts services in HK and Indonesia; layoffs to hit 10 per cent

Singapore

IN A marked escalation of its woes, grocery delivery startup honestbee has stopped its services in Hong Kong and Indonesia as well as its food vertical in Thailand. The move is part of an ongoing strategic review, the company announced in a statement on Tuesday.

Layoffs at honestbee will also hit 10 per cent of its global headcount. Earlier on April 23, the startup had put this figure at 6 per…