Honestbee Malaysia will be “temporarily suspending” its operations from next Monday (22nd July) onwards.
As such, the online grocery and food delivery provider will not be able to take on any delivery slots until further notice. Users can only make their final orders until tomorrow (Friday, 19th July).
The HQ in Singapore has also been suspended, claiming to “reform the Honestbee business and come back to serve (customers) better in the future”. The brand is no longer in service in other Asian countries like Hong Kong and Indonesia.
Its Thailand company is expected to close down soon, while Honestbee Japan and the Philippines will also be suspended from operations. It is inevitable that Malaysia would follow suit.
Honestbee’s co-founder Joel Sng resigned as CEO in early May. This was after other co-founder Isaac Tay and managing director Chris Urban left the firm. Yesterday (Wednesday, 17th July), Vice President of marketing Christina Lim has also quit the company.
From the looks of it, Honestbee’s financial issues seem to be pretty serious. One of their clients, Jibril (a restaurant in SS15), took to Facebook to reveal that the delivery service provider still owe them thousands of Ringgit.
Yikes! Looks like it’s going to be hard for Honestbee to get back up again.