Indonesia-based fitness studio and classes booking startup DOOgether has raised an undisclosed amount in a seed funding round led by Gobi Agung and joined by Everhaus, Prasetia Dwidharma, and Cana Asia.
The fresh capital will be used to expand DOOgether’s merchant partner network, develop its mobile app further, and hire more professionals.
“We will maximise the funds to extend our merchant partner to at least 500 sports facilities and improve our platform to accommodate other needs of a healthy lifestyle enthusiast and be the biggest healthy lifestyle community in Indonesia,” said DOOgether CEO Fauzan Gani.
Founded in 2016, DOOgether has partnered with more than 200 fitness centre and/or sports facilities across Jabodetabek (Greater Jakarta), Bandung, and Bali as of March 2019.
Its seed round follows angel investments by MAHAKA Group Chairman Erick Thohir in 2016 and Digiasia Bios founder Alexander Rusli in 2018.
The lead investor in the latest round, Gobi Agung, is a $10-million Indonesia-focused fund launched by Shanghai and Kuala Lumpur-based venture capital firm Gobi Partners last year. The fund will target early-stage startups in Southeast Asia’s largest market and invest up to $1 million per deal.
Commenting on the investment in DOOgether, Gobi Agung partner Arya Masagung said, “If we look at world trends, you can see as a country goes through modernisation, and as its economy improves, health and fitness will be one of the biggest sectors of growth that will soon follow.”