Our Portfolio
Provident has built businesses across a variety of industries, including telecommunications, infrastructure, technology, mining, biomass, plantations and oil & gas.
Our Portfolio
What We Do
Technology
Provident has built businesses across a variety of industries, including infrastructure, mining, energy transition, technology and renewables. Provident’s businesses are currently mostly concentrated in Indonesia.
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GoTo
Goto is the largest digital ecosystem in Indonesia, providing services such as on-demand transport, e-commerce, food and grocery delivery, logistics and fulfilment and financial services through the Gojek, Tokopedia and GoTo Financial platforms
• Listed on the Indonesia Stock Exchange in 2022
• Market capitalisation: USD3.7 billion (June 2024)
• Gojek has over 2.6 million driver-partners across Indonesia, Vietnam, and Singapore
• Tokopedia serves 99% of districts in Indonesia and has over 14 million registered merchants
• GoTo Financial is Indonesia’s leading player in e-money and largest cloud point of sales provider
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, Goto, Alfamart, Pomelo, ADVANCE.AI, JULO, Carro, Bank Neo Commerce
