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Startups

Provident Capital 'raising $200m' for second SE Asia fund

Gojek and Pomelo investor's new vehicle is set to close in Q1 2020

Online fashion brand Pomelo is based in Bangkok but hopeful of cracking the Chinese market. (Photo by Akira Kodaka)

JAKARTA -- Southeast Asian private equity firm Provident Capital Partners, which has invested in Indonesian ride-hailing platform Gojek and Thai e-commerce startup Pomelo, has raised about $200 million for its second fund, according to people familiar with the matter.

The Provident Growth Fund II investment vehicle is set to achieve its final close in the first quarter of 2020, with the first fund having reached a close of $100 million several months ago, the people said.

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