For Lim Kian Chun, nothing beats hawker fare and a simple bowl of wanton mee. “Singapore is a foodie nation and eating is our national pastime,” he laughs.
However, Lim’s professional journey may have been quite different if it weren’t for the distressed sale of Michelin-starred Bacchanalia. Now, Cerana Capital’s managing partner juggles early-stage investments with his second job as CEO of Ebb & Flow Group, the F&B venture he co-founded with two partners after they acquired Bacchanalia (now defunct) in 2018.
Today, Ebb & Flow operates nine F&B concepts. Among them are revived heritage confectionery Chin Mee Chin, the Michelin-starred Sommer Dining, pan-Asian fine dining spot Willow, and direct-to-consumer Kairos Caviar.
Moving up the supply chain to mitigate industry headwinds
Two more are in development and set to launch next year. Casa Vostra, a pizza delivery service with La Bottega Enoteca’s Antonio Miscellaneo, is the first. The second project, slated for the second half of 2023, is the rebranding of online grocer Supafresh Japan. Rather than just selling Japanese produce, it will expand into an Asian speciality grocer augmented with a 15,000 sq ft retail supermarket and food hall.
A new central kitchen is also in the works to support the supermarket experience and process ingredients Ebb & Flow imports directly for its restaurants. “Moving up the supply chain and becoming more self-sufficient have always been part of our long-term goals. In my view, it helps to mitigate industry headwinds, such as rising costs, labour shortages, and supply shocks,” Lim shares.