About honestbee
honestbee is a company based in Singapore (Singapore) founded in 2015 by Isaac Taylor.. honestbee has raised $39.8 million across 3 funding rounds from investors including Pear VC, LS and FLK Holdings. honestbee operates in a competitive market with competitors including Deliveroo, RedMart, Glife, BeepBeep and Benmart, among others.
- Headquarter Singapore, Singapore
- Founders Isaac Taylor
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Honestbee India Private Limited
- Date of Incorporation 13 Sep, 2017
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
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Net Profit
$-4.85 M (USD)-1079as on Dec 31, 2015
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EBITDA
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Total Equity Funding
$39.8 M (USD)
in 3 rounds
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Latest Funding Round
$7 M (USD), Series A
Jan 30, 2020
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Investors
Pear VC
& 6 more
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Employee Count
Employee Count
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Funding Insights of honestbee
honestbee has successfully raised a total of $39.8M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $7 million completed in January 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $7.0M
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First Round
First Round
(20 Oct 2015)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Series A - honestbee | Valuation | FLK Holdings |
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| Jul, 2017 | Amount | Series A - honestbee | Valuation | LS |
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| Oct, 2015 | Amount | Series A - honestbee | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in honestbee
honestbee has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Pear VC, LS and FLK Holdings. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Seed & early stage VC firm investing the US
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Founded Year | Domain | Location | |
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VC Firm investing in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by honestbee
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - honestbee
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Honestbee Comparisons
Competitors of honestbee
honestbee operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Deliveroo, RedMart, Glife, BeepBeep and Benmart, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform offering food and grocery delivery services
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| domain | founded_year | HQ Location |
Online grocery delivery services are operated in Singapore.
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| domain | founded_year | HQ Location |
Food products are distributed by Glife in regional markets.
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| domain | founded_year | HQ Location |
Multi-category grocery supplies are provided via an online platform.
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| domain | founded_year | HQ Location |
Online platform for grocery shopping, delivery, and product sales in Singapore.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Honestbee
Frequently Asked Questions about honestbee
When was honestbee founded?
honestbee was founded in 2015.
Where is honestbee located?
honestbee is headquartered in Singapore, Singapore.
Is honestbee a funded company?
honestbee is a funded company, having raised a total of $39.8M across 3 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Oct 20, 2015.
What does honestbee do?
Honestbee was founded in 2015 in Singapore and operates in the online delivery sector. Grocery and food items are ordered from local restaurants and supermarkets through its mobile application, which is available on Android and iOS platforms. Services focus on facilitating user access to everyday essentials and meals in the Singapore region. The company is led by co-founder Isaac Taylor.
Who are the top competitors of honestbee?
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