Oman investors drive Uzbekistan's tech unicorn Uzum

Uzbekistan's leading digital platform Uzum has closed a new financing round of more than 130 million US dollars. The investment is led by Omani government entities and values the company at USD 2.3 billion.

As Uzum announced on March 10, the financing comprises a mix of equity and structured capital. The final conversion terms are linked to a future qualified financing round. The transaction is seen as preparation for a larger Series B round.

In addition to the new investors, existing shareholders also participated in the financing, including VR Capital Group, Tencent Holdings and FinSight Ventures.

Expansion in e-commerce and fintech

Uzum intends to use the fresh capital to expand its business in several areas. These include e-commerce, digital banking, payment services and consumer loans. The technological infrastructure and product range are also to be expanded.

Uzum operates an integrated digital ecosystem in Uzbekistan that combines commerce and financial services. The most important platforms include Uzum Market, Uzum Tezkor, Uzum Bank and Uzum Nasiya. According to the company, together they reach more than 20 million users, i.e. over half of the country's population.

"This investment confirms both our strategy and the digital potential of Uzbekistan," explained founder and CEO Djasur Djumaev. The company is working on building a nationwide digital infrastructure that millions of people and companies can use every day.

Fast growth

Uzum is one of the fastest growing technology companies in Central Asia. The company raised 70 million US dollars from Tencent and VR Capital back in August 2025. At that time, Uzum achieved the status of a so-called tech unicorn for the first time with a valuation of 1.5 billion dollars.

The growth is also reflected in the business figures. In 2025, Uzum achieved a net profit of 176 million US dollars.

Gross merchandise value in e-commerce exceeded 500 million dollars for the first time - around 50 percent more than in the previous year. At the same time, the volume of fintech products, including consumer loans and installment payments, grew to 1.2 billion US dollars.