Uzum Becomes Uzbekistan’s First Unicorn with $1.5B Valuation
Uzum secures $65.5M in funding, reaching a $1.5B valuation. Here's how the Uzbek startup became a fintech and e-commerce powerhouse.
Matilda
Uzum Becomes Uzbekistan’s First Unicorn with $1.5B Valuation Uzum $1.5B valuation reflects Uzbekistan’s rising tech influence Uzbekistan is entering the global tech spotlight thanks to Uzum, its first unicorn startup, which now boasts a staggering $1.5 billion valuation. After raising $65.5 million in a recent equity funding round, the Tashkent-based company has become a powerful symbol of Central Asia’s potential in digital innovation. The success of Uzum answers a growing number of search queries like "How did Uzum become Uzbekistan’s first unicorn?" or "What’s driving Uzum’s $1.5B valuation?" Within just three years of its 2022 founding, Uzum has built a thriving multi-sector ecosystem — combining e-commerce, digital banking, and fintech — that serves almost half the country's adult population. Image Credits:Uzum How Uzum built a $1.5B valuation through e-commerce and fintech Uzum’s initial success came through its online marketplace, Uzum Market, which swiftly gained traction by solving logistical challenges unique to Uz…
