As Central Asia’s digital economy expands rapidly, global investors are increasingly looking at Uzbekistan’s fast-growing technology ecosystem. One of the country’s largest digital platforms has now secured a major investment to fuel its next phase of growth.
Uzum has raised more than $130 million in a strategic investment led by sovereign entities from the Sultanate of Oman. The deal values the company at around $2.3 billion pre-money, setting a new benchmark ahead of its upcoming Series B round.
The transaction combines primary equity and structured capital, with conversion terms tied to the company’s next qualified funding round.
Existing shareholders, including VR Capital, Tencent and FinSight Ventures, also participated in the round. In August, Uzum raised $65.5 million at a $1.5B valuation, becoming the country’s first unicorn
Scaling Uzbekistan’s largest digital ecosystem
Uzum plans to use the capital to expand across its core services, including e-commerce, digital banking, payments and consumer lending.
The company operates a fully integrated digital ecosystem that combines commerce and fintech products. Its platforms include Uzum Market, Uzum Tezkor, Uzum Bank, and Uzum Nasiya.
Together, these services are used by more than 20 million people, which represents over half of Uzbekistan’s population.
Djasur Djumaev, Founder and CEO of Uzum, says, This investment is a strong endorsement of both Uzum’s strategy and Uzbekistan’s digital potential. We are focused on building an infrastructure of national scale — technology-driven, inclusive, and designed for everyday use by millions of people and businesses. The support from the Investor, alongside our existing global shareholders, gives us strong momentum as we prepare for Series B and continue scaling our ecosystem.
From e-commerce to fintech leader
Founded in 2022, Uzum began as an e-commerce marketplace called Uzum Market before quickly expanding into fintech and food delivery. Today, it serves more than 17 million monthly active users, almost half of Uzbekistan’s adult population, and supports over 16,000 merchants.
In the first half of 2025 alone, the platform recorded $250 million in gross merchandise value (GMV), a 1.5x year-on-year rise. Its financial arm, Uzum Bank, launched a co-branded Visa debit card with pre-approved credit limits in August 2024.
Uzum currently employs around 12,500 people as it continues expanding its commerce, fintech and logistics operations across Uzbekistan.
