Uzum locks in $130M at $2.3B valuation
Uzbekistan-based super app Uzum has raised $130 million in fresh funding at a $2.3 billion pre-money valuation, in a round led by Oman sovereign investors. The deal cements Uzum as one of Central Asia’s most valuable digital platforms and follows its earlier unicorn milestone at a $1.5 billion valuation.
A super app serving half of Uzbekistan
Uzum operates as a full-fledged super app, combining e-commerce, digital banking and on-demand delivery in a single platform. The company reports serving around 20 million users, more than half of Uzbekistan’s total population, underscoring the rapid adoption of mobile-first digital services in the country.
Through its integrated ecosystem, users can shop online, access financial services, and order goods for last-mile delivery. This bundled approach mirrors leading Asian super apps and positions Uzum as a key player in the region’s shift from cash-based, offline commerce to a connected, digital economy.
Strategic capital ahead of Series B
The latest funding round is described as a significant step toward a larger Series B raise. By securing backing from Oman’s sovereign investors, Uzum gains not only capital but also strategic links to investors focused on high-growth emerging markets.
The new funds are expected to support further expansion of e-commerce infrastructure, enhancement of digital banking products, and scaling of logistics and delivery networks across Uzbekistan and potentially neighboring markets. As smartphone penetration and cashless payments rise, Uzum aims to deepen its role as a default platform for everyday consumer and financial activity.
Regional impact and competitive landscape
Uzum’s trajectory highlights Central Asia’s growing relevance in global technology and venture capital. With a large, young population and relatively low penetration of modern financial services and online retail, Uzbekistan offers substantial room for growth. The company’s ability to capture more than 50% of the population as users gives it a defensible position as international and regional competitors eye the market.