Fit Hub lays foundation for health and wellness empire

More: Funding rounds of rising startups across SEA [Read from your browser]( Daily Newsletter Hello {NAME} Few things that can take the weight off a startup’s shoulders like a seed funding round does. It is the first resounding vote of confidence from external investors that a business has the potential to be something special. That’s exactly what Indonesia-based Fit Hub has got. Global Founders Capital recently led a seed round worth more than US$3 million for the health and wellness firm, which aspires to be the go-to provider for almost everything in the space. However, beyond that moment of joy and relief, startups usually have to come face to face with reality: More funding means more pressure to deliver returns and sustained growth. In our premium story pick today, we analyze why VCs are going against the grain to invest in Fit Hub, and how the startup is looking to stand out among competitors in a relatively small market. Also, if you’re an entrepreneur looking for funding, [fill out this form]( to get your company featured on our list of fundraising startups. -- Shravanth  ---------------------------------------------------------------  THE BIG STORY [Exclusive: GFC leads $3m+ seed round in Indonesian health and wellness startup]( Fit Hub calls itself Indonesia’s most affordable gym, but aims to become a super app and a health and wellness ecosystem.  ---------------------------------------------------------------  ORIGINALS VIDEO Learn how to design your ESOP plan in 10 minutes Learn how to design an equity compensation plan with Ravi Ravulaparthi, CEO and co-founder of cap table and ESOP management platform Qapita, as he explains the basic ESOP structures that best suit early-stage startups, their implications on shareholder equity, talent retention, and more. 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[Animoca backs $10m round of metaverse-bound healthtech firm]( GOQii’s virtual token program, Token, will allow users to unlock products, services, buy NFTs, and more. [4 Indonesian clean energy firms get green funding]( New Energy Nexus Indonesia has backed 16 local startups since its inception in 2019. [Vietnam to introduce legal framework for cryptocurrency]( Relevant agencies will work on a blueprint for implementing a legal framework for cryptocurrencies in the country, VietnamNet Global reported. --------------------------------------------------------------- EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - *Event* [[Workshop] How to launch an NFT collection]( on March 31st Not many NFT creators get a second chance after a failed launch, but Tasty Toastys founder Chanel Lee is an exception. After three months of learning from her initial mistakes, she became a household name, but her journey into the NFT world started years before that. Join us on March 31 as Lee shares the story of how she turned a hobby into a hit NFT collection that sold out all 7,600 of its tokens within a week. Click [here to reserve your seat](. - *Event* [[Virtual Networking] Co-founder matchmaking Upcoming]( on April 13th If you’re a founder (or an aspiring founder) who is considering adding a co-founder to your bench, join us in our upcoming closed-door virtual networking session on April 13! We capped the event to just 20 participants to guarantee quality engagement. Participants will go through a series of facilitated conversations designed to assess business goals, missions, and values, as well as co-founder fit. Applications close April 11, 12 pm SGT or earlier if all slots are filled. 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