why did Honestbee fail or close || Honestbee cash crisis
Honestbee delivery Founded in 2015, Honestbee works with supermarkets and retailers to deliver goods to customers using its store pickers, delivery fleet, and mobile apps. The company is based in Singapore and operates in eight markets across Asia.
It is available in Honestbee Phillipines, Honestbee India, Honestbee Singapore.
Honestbee delivery Despite looking impressive from the outside, the company is currently in crisis mode due to a cash crunch because of a high burn rate and low margins. As per sources, the company is trying to sell its business and in talks with the ride-hailing giants Grab and Go-Jek as the primary suitors.