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

Singapore

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 from market sources.

Before the leadership change, the startup had also been in talks to roll out its brick-and-mortar supermarket concept, habitat, in Japan and Thailand, documents seen by BT revealed.