Omani investors are driving Uzbekistan's tech unicorn, Uzum
Uzbekistan’s leading digital platform, Uzum, has closed a new funding round of more than $130 million. The investment is led by government entities from Oman and values the company at $2.3 billion.
As Uzum announced on March 10, the financing comprises a mix of equity and structured capital. The final conversion terms are tied to a future qualifying financing round. The transaction is seen as a step toward 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
With the fresh capital, Uzum plans to expand its business in several areas. These include e-commerce, digital banking, payment services, and consumer loans. The company also plans to expand its technological infrastructure and product offerings.
Uzum operates an integrated digital ecosystem in Uzbekistan that connects commerce and financial services. Its key platforms include Uzum Market, Uzum Tezkor, Uzum Bank, and Uzum Nasiya. According to the company, these platforms collectively reach more than 20 million users—more than half of the country’s population.
“This investment confirms both our strategy and Uzbekistan’s digital potential,” explained founder and CEO Djasur Djumaev. The company is working to build a nationwide digital infrastructure that millions of people and businesses could use every day.
Rapid Growth
Uzum is one of the fastest-growing technology companies in Central Asia. As early as August 2025, the company had raised $70 million from Tencent and VR Capital. At that time, Uzum achieved “tech unicorn” status for the first time with a valuation of $1.5 billion.
This growth is also reflected in the company’s financial results. In 2025, Uzum posted a net profit of $176 million.
Gross merchandise value in e-commerce exceeded $500 million for the first time—about 50 percent more than the previous year. At the same time, the volume of fintech products, including consumer loans and installment payments, grew to $1.2 billion.
