What We Do
Provident has built businesses across a variety of industries, including infrastructure, mining, technology and renewables. Provident’s businesses are currently mostly concentrated in Indonesia.
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$5.3b (November 2023)
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: Traveloka, Gojek, Alfamart, Pomelo, ADVANCE.AI, JULO, Topica Edtech Group, Central JD Commerce, Central JD Fintech
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