FTL Gym membagikan ini
𝐏𝐮𝐦𝐩𝐢𝐧𝐠 𝐔𝐩 𝐈𝐧𝐝𝐨𝐧𝐞𝐬𝐢𝐚: 𝐅𝐓𝐋 𝐒𝐞𝐜𝐮𝐫𝐞𝐬 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐟𝐫𝐨𝐦 𝐎𝐂𝐁𝐂 𝐕𝐞𝐧𝐭𝐮𝐫𝐚! We are excited to welcome Faster Than Light (FTL Gym), an Indonesian-based gym operator, into our portfolio. The class-focus gym chain has raised US$ 3–5 million in venture debt round from OCBC Ventura. FTL, led by CEO and Founder Erik W.S, has been revolutionizing the fitness industry in Indonesia since 2020 by providing mega-gym facilities outside mall premises. With this funding, FTL plans to expand its footprint, adding 30 new gyms this year in Greater Jakarta, and reaching new areas like Bandung, Surabaya, and Bali. Currently FTL operates 20 outlets around Greater Jakarta accessible 24 hours. Darryl Ratulangi, Managing Director of OCBC Ventura, stated, “The growing health consciousness and expanding middle-income demographic in Indonesia motivated our investment in FTL. We are excited about the potential in this consumer healthcare space.” With Indonesia’s fitness participation rate currently sits at 1% of the population, compared to Southeast Asia’s average of 2.4%, there is immense room for growth. FTL is poised to lead this transformation, bringing comprehensive fitness solutions to more people across the country. Stay tuned for more updates on FTL’s journey and our continued efforts to back innovative entrepreneurs in the consumer, retail, and healthcare sectors. 🚀 Read more here https://lnkd.in/gPiwyQ_D #OCBCVentura #FTL #FitnessRevolution #IndonesianStartup #VentureCapital