Uzum raises fresh capital as Uzbekistan’s tech market accelerates
Uzum, Uzbekistan’s first unicorn and one of Central Asia’s largest digital platforms, has raised more than $130 million in a strategic investment led by sovereign entities from the Sultanate of Oman. The transaction values the company at roughly $2.3 billion on a pre-money basis, positioning the round as a new benchmark ahead of the company’s planned Series B.
The financing combines primary equity and structured capital, with conversion terms linked to the company’s next qualified funding round. Existing backers including VR Capital, Tencent and FinSight Ventures also participated, underscoring continued support from global investors as Uzbekistan’s digital economy expands.
Expanding an integrated commerce-and-fintech ecosystem
Uzum said it will deploy the new capital to scale its core services across e-commerce, digital banking, payments and consumer lending. The company operates multiple platforms under one ecosystem, including Uzum Market, Uzum Tezkor, Uzum Bank and Uzum Nasiya.
Collectively, the services are used by more than 20 million people—over half of Uzbekistan’s population—highlighting the company’s reach in a market where digital adoption is rising quickly.
From marketplace to national-scale platform
Founded in 2022, Uzum began as an e-commerce marketplace before moving into fintech and delivery. It now reports more than 17 million monthly active users and supports over 16,000 merchants. In the first half of 2025, the platform recorded about $250 million in gross merchandise value (GMV), a 1.5x year-on-year increase.
Djasur Djumaev, Founder and CEO of Uzum, said the investment validates both the company’s strategy and Uzbekistan’s digital potential, adding that the backing strengthens momentum as the company prepares for Series B. The company employs around 12,500 people as it expands commerce, fintech and logistics nationwide.
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