483:
29:
471:
459:
277:
and
Indonesia in May. CEO Joel Sng departed the company in May 2019; he was replaced by Bon-woong "Brian" Koo as interim CEO, who had said that he would be working with the executive team to conduct an in-depth review of the business and to "align their strategic interests across their various geographies and verticals".
280:
Koo would be replaced as CEO by Ong Lay Ann in July 2019, with Koo becoming chairman; Koo would later resign in
September 2019 but remained a key investor in the company. Co-founder and CTO Jonathan Low left the company in July 2019, being the last of the company's founders to depart. The company was
414:
In late March 2016, honestbee announced a partnership with "Explorer Joe Exotic Meats" (later revealed to be fictitious), which would allow customers to purchase meat from endangered animals including pandas and whales. While the company eventually claimed its intention all along had been to "bring
293:, honestbee announced a temporary closure of habitat; this closure would ultimately become permanent although honestbee never officially acknowledged this, although it was reported that they had considered doing so due to high overhead costs and were clearing out the premises by late-February 2020.
276:
over a potential acquisition. The company stopped its food delivery service and suspended its laundry service in May 2019; the company also began suspending or closing its overseas operations in April that year, with operations suspended in
Thailand and the Philippines in April and Hong Kong, Japan
308:
Formation Group, honestbee's sole secured creditor, managed to recover about S$ 700,000 worth of assets from the company in 2023, while BDO LLC, the liquidator appointed to the case, could only recover about S$ 720 "from excess payments related to electrical supplies". BDO would seek approval from
301:
hearing in an attempt to restructure their debts but this was dismissed by the high court. In April 2020, honestbee creditor
Benjamin Lim applied to wind up the company. The company was subsequently issued a liquidation order in July 2020; the site formerly occupied by habitat is currently used by
423:
In 2015, honestbee stated it was paying
Singapore workers "up to SGD $ 14 (about $ 10) an hour;" by May 2016, however, workers countered that the company had lowered the "basic rate" twice, from $ 7.50 to $ 6 and then $ 5, and that there were also issues with payroll being late or miscalculated.
436:
was able to net millions of dollars in funding for the company. But rather than building the startup, he bought a house in Japan, rented apartments in various cities, and spent millions renovating physical offices—first revealed in 2019 by Tech in Asia. In March 2020, Honestbee filed a lawsuit
354:
Launched in
September 2016, the honeybee laundry service was only available in Singapore. Customers were able to get their laundry picked up, cleaned, and delivered back in 2 days time. Their pickup and delivery time for laundry service was from 1pm to 10pm (GMT+8), every day. This service was
300:
contributions. An email issued the same month stated that FLK Holdings and
Formation Group, another company owned by Koo, were considering withdrawing their investment due to the intensifying COVID-19 pandemic "and the resulting uncertainties", with honestbee requesting an adjournment of their
415:
awareness" and stimulate conversation about the plight of endangered species, the company faced backlash from the public both before and after the revelation that the campaign was a hoax, with a number of customers saying they would boycott the service.
264:
In 2018, honestbee launched an online and offline grocery store in
Singapore called habitat, which aimed for "more human engagement" for shoppers; habitat was described as their "crowning jewel". Co-founder Isaac Tay left the company in September 2018.
896:
288:
A US-based company, FLK Holdings, led by key investor Koo, invested in honestbee in
January 2020 in an attempt to incorporate a private entity where honestbee's assets would be transferred. Due to reduced footfall caused by the
437:
against Sng for an "alleged breach of fiduciary duties", including purchasing a private property using company funds and incorporating a shell company called PayNow that
Honestbee subsequently bought over.
257:
Honestbee was launched in Singapore on 23 July 2015 and after that time also launched in Hong Kong, Taiwan, Thailand, Indonesia, Malaysia, Bangkok, Philippines and Japan. The company was founded by
249:
or website to interface with the company, and the store pickers and retail stores also utilized the mobile app. In Singapore, honestbee also provided laundry collection services.
309:
the High Court to discharge itself from any further responsibilities and dissolve honestbee the same month, owing to the company's inability to settle any outstanding debts.
731:
1620:
367:, direct from the app. It also served as an aggregator of movie timings across multiple cinema chains in Singapore. This service was "temporarily suspended" in 2018.
1430:
1298:
1136:
1028:
1108:
1615:
1272:
1000:
1164:
536:
1244:
1640:
897:"honestbee launches a world's first 'NewGen Retail' concept: habitat by honestbee, a one of a kind tech-enabled, multi-sensory grocery and dining experience"
1537:
1376:
788:
1625:
923:
1605:
595:
330:, and Emporium Shokuhin were available on their platform. The grocery business was available in the 8 countries in which honestbee operated.
268:
Observers had speculated from early 2019 that honestbee was in a dire financial situation and was in talks with other companies such as
1218:
342:, the service was then rolled out in Taiwan, Malaysia, Japan, Hong Kong, Philippines, and Thailand. They were an exclusive partner for
652:
1324:
761:
564:
626:
322:
Partnering both supermarkets and specialty stores, customers were able to shop a range of grocery options. Brands such as
449:
363:
Launched in late 2017, the Ticketing service was only available in Singapore. Customers were able to purchase tickets to
974:
705:
1635:
1630:
1542:
1486:
1082:
1557:
1165:"Honestbee secures further backing from key investor Brian Koo, offers payment in cash and equity to creditors"
949:
569:
796:
680:
1610:
1435:
261:, Isaac Tay, and Jonathan Low and had backing from venture capital companies in Asia and the United States.
1511:
1137:"Honestbee gets 4-month extension of debt moratorium; ex-employees receive first payment of owed salaries"
1029:"Honestbee gets 4-month extension of debt moratorium; ex-employees receive first payment of owed salaries"
297:
50:
1350:
1001:"Honestbee says suspending some overseas operations, cutting global headcount all part of ongoing review"
296:
By March 2020, the company had retrenched 80% of its workforce and was delaying employees' salaries and
819:
1538:"Honestbee taking legal action against ex-CEO, former director over alleged 'numerous irregularities'"
1404:
1192:
1056:
238:
230:
183:
178:
1459:"Singaporean On-Demand Grocery Startup Honestbee Gets $ 15M To Expand To Six New Asian Countries"
1431:"'Sale' of panda meat, koala sausages part of endangered animals awareness campaign: honestbee"
1351:"The saga continues: honestbee still owes S$ 319.9 million to former staff, vendors, creditors"
1249:
1193:"Honestbee To Close Habitat Supermarket Until Feb 29, Will Continue Online Grocery Deliveries"
1169:
1141:
1113:
1033:
1005:
541:
290:
75:
950:"Grocery delivery startup Honestbee is running out of money and trying to sell – TechCrunch"
487:
463:
242:
187:
1381:
924:"After leaving Honestbee, entrepreneur Isaac Tay hopes to make a buzz in the comedy scene"
282:
1273:"Brian Koo may withdraw lifeline for honestbee; ex-director denies startup's allegations"
872:"Online grocery startup Honestbee raises $ 15M from Silicon Valley to deliver the goods"
871:
845:
269:
1083:"Honestbee Chairman Brian Koo Resigns, Firm Still Owes Ex-Staff Almost $ 1M In Salary"
1599:
1245:"Honestbee retrenches 80% of staff, delays payment of salaries and CPF contributions"
537:"Singapore grocery concierge service Honestbee buzzes towards 'global store' concept"
226:
766:
596:"Asia-based grocery delivery startup Honestbee adds laundry services to its lineup"
338:
honestbee launched their food delivery service in February 2017. First launched in
302:
130:
653:"Honestbee wants to help, not disrupt, Tokyo grocery stores- Nikkei Asian Review"
1299:"High Court dismisses honestbee's restructuring bid; creditors may wind up firm"
475:
1458:
1463:
657:
364:
343:
246:
1109:"Honestbee announces appointment of new CEO, departure of co-founder and CTO"
1057:"Honestbee Sees Another Leadership Change: Ong Lay Ann Takes Over As New CEO"
339:
323:
234:
118:
114:
110:
99:
28:
732:"Honestbee's Joel Sng Sets Big Regional Goals for Grocery Delivery Startup"
1377:"An Asian Grocer's April Fools' Joke About Panda Meat Seriously Backfired"
433:
258:
160:
134:
126:
470:
736:
245:
that pick products for its clients. Consumers utilized the company's
171:
138:
122:
1405:"Honestbee's exotic meats sale: an April Fools' prank gone wrong?"
327:
273:
142:
600:
346:
from May 2018 to 2019, when their food delivery service ceased.
1219:"honestbee clears out furniture from habitat; police called in"
846:"Honestbee launches its grocery delivery service in Thailand"
508:
627:"SG-based mobile app grocery delivery service expands to PH"
1588:
355:
suspended in May 2019 as part of a company restructuring.
207:
565:"Honestbee brings fresh buzz to convenience shopping"
447:
1512:"Tech in Asia - Connecting Asia's startup ecosystem"
975:"Honestbee halts food delivery service in Singapore"
375:
honestbee was operational in eight regions in Asia:
237:
service, and also a parcel delivery service for its
1325:"RedMart to occupy honestbee's former habitat site"
202:
194:
177:
167:
156:
148:
106:
94:
74:
56:
44:
1217:Chong, Claudia; Pillai, Sharanya (2 March 2020).
305:as a fulfillment center for their deliveries.
1487:"Freelancers for honestbee feeling the sting"
8:
789:"Honestbee officially launches in Indonesia"
620:
618:
21:
762:"Honestbee sweetens Thai operations budget"
589:
587:
530:
528:
27:
20:
18:Asian online grocery and delivery business
706:"honestbee Delivers Groceries in an Hour"
1558:"Former honestbee CEO declared bankrupt"
1429:Ravikrishnan, Ashutosh (30 March 2016).
760:Leesa-Nguansuk, Suchit (25 April 2017).
281:granted a four-month extension of their
1621:Internet properties established in 2015
500:
454:
440:Sng was declared bankrupt in May 2022.
1349:Sivakumar, Yoganeetha (25 May 2023).
681:"Connecting Asia's startup ecosystem"
651:Iwamoto, Kentaro (4 September 2017).
7:
1616:Retail companies established in 2015
1135:Choo, Yun Ting (30 September 2019).
1081:Salim, Zafirah (24 September 2019).
1027:Choo, Yun Ting (30 September 2019).
818:Kandasivam, Anushia (3 March 2017).
563:Woodhouse, Alice (8 November 2016).
1641:2020 disestablishments in Singapore
1191:Salim, Zafirah (10 February 2020).
594:Low, Aloysius (14 September 2016).
186:, food delivery, laundry delivery,
1457:Shu, Catherine (20 October 2015).
1297:Pillai, Sharanya (26 March 2020).
1271:Pillai, Sharanya (25 March 2020).
1163:Choo, Yun Ting (30 January 2020).
795:. 15 February 2017. Archived from
14:
1323:Pillai, Sharanya (24 July 2020).
625:Roxas, Stephanie (24 June 2017).
1626:2015 establishments in Singapore
1375:Swerdloff, Alex (1 March 2016).
1243:Choo, Yun Ting (10 March 2020).
820:"honestbee launches in Malaysia"
481:
469:
457:
233:service as its core business, a
1403:Balea, Judith (30 March 2016).
1107:Choo, Yun Ting (29 July 2019).
1055:Salim, Zafirah (26 July 2019).
999:Aw, Cheng Wei (30 April 2019).
948:Russell, Jon (26 April 2019).
394:Philippines (ended April 2019)
241:clients. The company provided
1:
1606:Online retailers of Singapore
1536:Lim, Janice (24 March 2020).
432:Honestbee CEO and co-founder
1562:The Business Times Singapore
1329:The Business Times Singapore
1303:The Business Times Singapore
1277:The Business Times Singapore
1223:The Business Times Singapore
535:Sim, Walter (20 July 2017).
385:Thailand (ended April 2019)
379:Singapore (ended July 2020)
1657:
1485:Ho, Olivia (10 May 2016).
428:Breach of fiduciary duties
397:Hong Kong (ended May 2019)
388:Indonesia (ended May 2019)
382:Malaysia (ended July 2019)
82:; 4 years ago
163:, Isaac Tay, Jonathan Low
35:
26:
570:South China Morning Post
400:Taiwan (ended July 2019)
391:Japan (ended April 2019)
51:Privately held company
631:Newsbytes Philippines
409:
62:; 9 years ago
326:, Jones the Grocer,
922:Elangovan, Navene.
509:"Honestbee profile"
285:in September 2019.
152:Honestbee Pte. Ltd.
23:
1636:Laundry businesses
1631:Singaporean brands
1564:. 9 September 2022
1516:www.techinasia.com
799:on 16 October 2017
741:. 24 February 2016
410:April fool's prank
1491:The Straits Times
1250:The Straits Times
1170:The Straits Times
1142:The Straits Times
1114:The Straits Times
1034:The Straits Times
1006:The Straits Times
903:. 16 October 2018
824:Digital News Asia
712:. 17 October 2015
542:The Straits Times
291:COVID-19 pandemic
243:personal shoppers
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107:Area served
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