Our Portfolio
What We Do
Technology

Provident has built businesses across a variety of industries, including infrastructure, mining, technology and renewables. Provident’s businesses are currently mostly concentrated in Indonesia.

goto logo (White)_edited.png
GoTo

The ultimate Southeast Asian ecosystem comprising over 130 million active monthly users

  • Merger between two Indonesian decacorns: super app Gojek and e-commerce giant Tokopedia

  • Indonesia’s largest mobile on-demand platform with services such as ride-hailing, food delivery, e-commerce shopping, mobile wallet and express logistics network

  • c.2% of Indonesia’s GDP is represented by the GoTo ecosystem

  • Market capitalisation of US$28.0b (20 April 2022)

Gojek.jpg
JD.ID.jpg
JDID_4.png
JD.ID

A growing e-commerce platform with over 20 million users in Indonesia

  • E-commerce firm providing reliable, fast and safe original quality products with competitive prices

  • A joint venture of Chinese e-commerce giant, JD.com and Gojek

  • Has its own logistics fleet and is supported by a large group of partners throughout Indonesia

  • Indonesia's sixth unicorn with valuation surpassing US$1b.

Provident Growth Fund

A uniquely positioned Growth Fund focused on technology investments in Southeast Asia

  • 2 provident growth funds (PGF) launched to date

  • PGF I was launched in March 2018, with a focus on growth stage proven tech leaders in SEA, had a final close of US$141m

  • PGF II was launched in December 2018, with a similar focus as PGF I, has raised a total of US$181m to date

  • PGF key investments: JD.ID, Traveloka, Gojek, Alfamart, Pomelo, ADVANCE.AI, JULO, Topica Edtech Group, Central JD Commerce, Central JD Fintech

Busy Intersection
Nasdaq Small.png
Provident Acquisition Corp.

A Nasdaq listed special purpose acquisition company (SPAC)

  • Merged with Perfect Corp, an Asian startup that provides software to beauty and fashion companies