FIT HUB Returns New Funding Bag

A digital platform that offers premium gym access FIT HUB have secured new funding in their initial round. Reported from Deal Street Asia, the investment value obtained increased their initial funding achievement to $ 6,5 million or the equivalent of 96,6 billion Rupiah.

The venture capitalists involved in this funding round are Wavemaker Partners and previous FIT HUB investors viz Trihill Capital. To DailySocial.id. Seed & Venture Investor Trihill Capital Alwyn Rusli confirmed the new funding received by FIT HUB.

In early 2022, FIT HUB has secured $3 million in seed funding from a number of investors. This initial funding round was led by Global Founders Capital APAC, with participation from Goodwater Capital and angel investors. Amount founder startups also contributed as investors, including Abhinay Peddisetty, Steven Wongsoredjo, Robin Tan, Benedicto Haryono, and Philip Tjipto.

Previously, Alwyn said that Trihill decided to invest from the start in FIT HUB after seeing positive business growth. Starting from the thesis, many people have started to want to have a healthy lifestyle, they see what FIT HUB offers as relevant and has the potential to continue to grow.

In less than 2 years, FIT HUB succeeded in collaborating with 45 clubs and welcoming 40.000 members in 12 cities in Indonesia, making it a platform gym with the fastest growth in Indonesia.

"We see space which ones we can target to invest. "FIT HUB is ideal for us considering the background of its founder, who has a very good understanding and has done research and gone directly to see market potential," said Alwyn.

Based in Singapore, Trihill Capital is a venture capitalist with a vision to build long-term partnerships with startup founders. In particular Trihill Capital has 2 investment arms, namely investments that focus on public equity globally and another invests in companies in Southeast Asia.

Similar service which also accommodates fitness needs, including Doogether, Fita, and Fits.id.

Added class options

Managed by experts in the retail industry, FIT HUB offers premium gym access throughout club FIT HUB and unlimited classes every day at affordable costs (starting from IDR 239 thousand/month). FIT HUB claims to deliver value for money that other gyms don't provide. Apart from premium facilities, equipment weight training complete, varied classes, members can also experience a comfortable atmosphere, modern area design, and assistance personal trainer which is certified.

At the end of 2022, FIT HUB introduced its newest class fitnessoutdoor 'CLASS HUB'. This new service is a means for participants to find community and share their sporting journey with groups of like-minded people.

CLASS HUB is sister brands from FIT HUB, whose mission is to provide easy access to health and fitness for everyone. Nearly 1.000 classes are held every week in all FIT HUBs throughout Indonesia and are attended by almost 20.000 members.