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honestbee may face tough search for buyer
Business synergies may be insufficient to draw suitors with concerns about cash burn
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Sharanya Pillai
Published Mon, Apr 29, 2019 · 09:51 PM
Singapore
HONESTBEE could struggle to find a buyer amid reports that it is facing a cash crunch and looking for suitors, industry observers said.
The grocery and food delivery startup is reportedly struggling to pay its staff, amid layoffs and high-level departures, and has held early talks with some potential buyers in Asia who could possibly acquire part or all of its business, according to a TechCrunch report last Friday.
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