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    Uzbekistan First Tech Unicorn Uzum Has A Valuation Of $1.16 Billion

    Alexander Johnson

    By Alexander Johnson - Mar 27, 2024 | Updated On: 27 March, 2024 | 2 min read

    By Alexander Johnson , 2 min read - Mar 27, 2024

    Updated On: 27 March, 2024

    Uzbekistan First Tech Unicorn Uzum. Image Credit: Umarxon III.




  • Uzbekistan first tech unicorn Uzum, is an e-commerce startup that offers shopping, fintech, and food deliveries to millions of people in the country of Central Asia.

    Let’s learn about this company and its story. We will also discuss how Uzum became the first unicorn in Uzbekistan. Keep reading until the end to discover its current valuation and goals.

    What Is Uzum?

    Uzum is arguably the largest fintech ecosystem in Uzbekistan aimed at enhancing day-to-day life with digital technology.




  • Uzbek entrepreneur Djasur Djumaev is Uzum’s CEO who is responsible for the nation’s digital ecosystem. The Uzum marketplace was launched in October 2022.

    The startup combines a marketplace where you can get thousands of essentials with next-day delivery, a bank with no lines, and other accessible services for completing daily tasks in a single app.

    The Uzum ecosystem contains both popular existing services used by millions of people in the country and brand-new, innovative products.

    Uzbekistan First Tech Unicorn Uzum Has A Valuation Of $1.16 Billion

    Uzum, Uzbekistan’s premier digital services ecosystem raised over $100 million in fundraising through a Series A funding round and debt financing.




  • After raising $114 million, Uzum became the first tech business in Uzbekistan to reach unicorn status with a post-money valuation of $1.16 billion.

    Among the global tech innovations such as the Buddywise-AI Algorithm and Neuralink’s Brain Chip, Uzum’s ecosystem is one of the finest invent.

    Uzbekistan First Tech Unicorn Uzum

    Uzbekistan First Tech Unicorn Uzum. Image Credit: Umarxon III.

    The platform intends to use the funds to improve the country’s IT and logistics infrastructure and support its BNPL service.

    Uzbekistan’s startup Uzum secured over $52 million in equity and the remaining $62 million in debt through a Series A funding round.




  • The round was led by FinSight, Xanara Investment Management, and Uzum’s senior management team. Furthermore, it also raised an additional $50 million in debt financing.

    Series B Funding Worth $200 Million – Ultimate Goal For 2024

    After securing over $100 million from Series A funding, Uzbekistan first tech unicorn Uzum is planning to raise an additional $200 million from Series B funding.

    According to multiple reports, the company is looking to obtain the mentioned amount from investors in the United Kingdom, the United States, and the Middle East.







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