Uzum, Uzbekistan’s homegrown unicorn, raised $65.5 million in an all-equity round co-led by Tencent and VR Capital, boosting its valuation to $1.5 billion — up nearly 30% since March 2024. Founded in 2022, the startup has rapidly scaled its e-commerce, fintech, and digital banking services to over 17 million monthly active users, generating $250M GMV in H1 2025, and $150M net income in 2024, while building extensive logistics and payments infrastructure nationwide. Uzum plans to expand into cross-border e-commerce, launch new fintech products, and raise a $250–$300M Series B in 2026 before pursuing an IPO.
Uzbekistan’s First Unicorn, Uzum, Leaps to $1.5B Valuation
