Uzbek E-commerce Leader Uzum Secures Over $130 Million in Strategic Funding Led by Omani State Entities
Tashkent, Uzbekistan – In a significant boost for its expansion efforts, Uzbekistan’s leading digital services platform Uzum has announced the successful closing of a strategic investment round exceeding $130 million. The funding is spearheaded by state-owned investment institutions from the Sultanate of Oman, as well as contributions from existing stakeholders, consolidating Uzum’s status as a pivotal player in Central Asia’s digital landscape.
The investment follows Uzum’s rapid ascent as Uzbekistan’s go-to platform for e-commerce, fintech, and digital services. Since its founding in 2022, Uzum has swiftly grown, recording over 8 million unique monthly users across its platforms. The new capital injection will primarily drive the expansion of Uzum’s digital financial services, marketplace, and logistics infrastructure, allowing the company to further tap into Uzbekistan’s surging digital transformation.
According to the official release, Uzum’s marketplace, fintech, and express delivery solutions have made the platform integral to the daily lives of millions of Uzbekistan’s consumers. The company now boasts a network of over 8,000 partner sellers and provides buy-now-pay-later (BNPL) and other digital banking services aimed at increasing financial inclusion.
The newly forged partnership with Omani sovereign investors signals the international community’s growing confidence in Uzbekistan’s technological vision and the broader potential of Central Asia’s digital economy. With this investment, Uzum is set to accelerate financial inclusion and connect more small and medium-sized enterprises (SMEs) and customers to the benefits of the digital economy.
Quote from person: “With this investment, we reaffirm our commitment to becoming the region’s leading digital ecosystem and supporting the digital transformation of Uzbekistan’s economy,” said Diyor Davletov, CEO of Uzum.
Industry observers point out that the deal not only underscores Uzbekistan’s growing reputation as an attractive destination for foreign direct investment (FDI) in technology, but also demonstrates a shift in focus among Gulf states, such as Oman, towards strategic tech ventures in emerging markets.
As the company integrates new technologies and expands its logistics network, Uzum is positioning itself as the backbone of Uzbekistan’s digital infrastructure—with aspirations to replicate its business model across Central Asia.
Team V.INO-LNK
