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The Straits Times
|June 08, 2025
Former meat lover grows Greendot from a school canteen stall into $21 million vegetarian chain
At 22, Mr Fu Yong Hong opened a vegetarian stall despite hating vegetables. Today, he helms Singapore's biggest plant-based restaurant chain.
Now 36, he is chief executive of Greendot Group, which pulls in an annual turnover of $21 million from 15 outlets, including Lotus Vegetarian Restaurant. The group will open a 16th eatery—a Greendot outlet—at The Star Vista in July.
Mr Fu co-founded the business in 2011 with his secondary school friend, Mr Justin Chou. At the time, Mr Fu was in his second year studying business at National University of Singapore and still a staunch meat lover.
Mr Chou, a lifelong vegetarian who struggled to find wallet-friendly meatless meals as a student, proposed they tap his family's resources and set up a vegetarian food stall. His mother, Ms Rebecca Lee, 64, ran Lotus Vegetarian Restaurant and his family owns a vegetarian food manufacturing facility in Johor.
Though he hated greens, Mr Fu was eager to test his classroom theories on real-world business. He agreed to the partnership—on one condition: "We shouldn't limit ourselves to just vegetarian customers. I want to target non-vegetarians too."
HANDS-ON EXPERIENCE
To win their parents' support and learn the ropes, the two worked part-time for a year in 2010 at Lotus Vegetarian Restaurant, which opened in 2003.
They started with the basics—slicing vegetables and packing dishes—then moved on to running live stations for vegetarian laksa and chicken rice, and setting up buffet lines for catering orders.
It was Ms Lee who told them to start small: one school canteen stall. She developed a pared-down menu of restaurant-quality dishes for a canteen setting.
This story is from the June 08, 2025 edition of The Straits Times.
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