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honestbee may face tough search for buyer

Business synergies may be insufficient to draw suitors with concerns about cash burn

Sharanya Pillai

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.

    honestbee

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