The Landmark Investment Unveiled
Uzum, Uzbekistan's leading digital ecosystem, proudly announces the closing of a strategic investment exceeding $130 million, anchored by sovereign entities from the Sultanate of Oman. This transaction combines primary equity and structured capital, establishing a $2.3 billion pre-money valuation reference point with conversion terms linked to the company's next qualified financing round. Moreover, it marks a significant step-up from Uzum's previous funding rounds and materially strengthens the company's positioning ahead of its Series B.
Additionally, the deal includes participation from existing international shareholders like VR Capital, Tencent, and FinSight Ventures, underscoring strong international confidence in Uzum's long-term growth and Uzbekistan's rapidly expanding digital economy. Djasur Djumaev, Founder and CEO of Uzum, comments that this investment serves as a strong endorsement of both Uzum's strategy and Uzbekistan's digital potential. Consequently, the partnership reflects growing international interest in Uzbekistan as one of the most attractive emerging digital economies globally.
Fueling Nationwide Growth and Innovation
The fresh capital accelerates Uzum's next phase of growth across its core verticals—e-commerce, digital banking, payments, and consumer lending—with a focus on expanding product depth, strengthening infrastructure, and increasing access to digital services nationwide. Uzum has built a fully integrated ecosystem combining commerce and fintech at a national scale. For instance, its platforms—including Uzum Market, Uzum Tezkor, Uzum Bank, and Uzum Nasiya—serve over 20 million people, representing more than half of Uzbekistan's population.
Furthermore, the investor brings long-term regional expertise and a strong focus on high-growth consumer and technology markets, enhancing Uzum's momentum as it prepares for Series B. Djumaev emphasizes that the company focuses on building an infrastructure of national scale—technology-driven, inclusive, and designed for everyday use by millions of people and businesses. As a result, this global conviction in Uzbekistan's growth story propels Uzum forward, with legal advice from DLA Piper for Uzum and Greenberg Traurig for the investor.
