Uzum, Uzbekistan’s largest digital platform and first ever tech unicorn, on March 10 announced that it has closed a strategic investment that raises more than $130mn, led by sovereign entities of the Sultanate of Oman. 

The deal includes both primary equity and structured capital, setting a pre-money valuation of $2.3bn, with conversion terms tied to Uzum’s next qualified funding round.

The investment exceeds Uzum’s prior funding rounds and positions the company for its forthcoming Series B.

Existing international investors VR Capital Group, Tencent Holdings (HKG: 0700) and FinSight Ventures also participated in the funding.

The funds will accelerate growth across e-commerce, digital banking, payments and consumer lending, expanding product offerings and infrastructure, Uzum said. 

DLA Piper acted as legal advisor to Uzum, with Greenberg Traurig advising the Omani investor.

Uzum operates a fully integrated ecosystem combining commerce and fintech at national scale. Its platforms, Uzum Market, Uzum Tezkor, Uzum Bank and Uzum Nasiya serve over 20mn people, more than half of Uzbekistan’s population.

“This investment is a strong endorsement of both Uzum’s strategy and Uzbekistan’s digital potential. We are focused on building an infrastructure of national scale — technology-driven, inclusive and designed for everyday use by millions of people and businesses. The support from the investor, alongside our existing global shareholders, gives us strong momentum as we prepare for Series B and continue scaling our ecosystem,” stated Djasur Djumaev, founder and CEO of Uzum.

The Omani investor is billed as bringing regional expertise and a focus on high-growth consumer and technology markets.

In August 2025, Uzum secured $70mn from Tencent and VR Capital, giving the ecosystem a $1.5bn valuation and marking Tencent’s first investment in an Uzbek tech company. 

In 2025, Uzum posted a net profit of $176mn, driven by strong growth in its fintech and e-commerce operations. 

E-commerce gross merchandise value exceeded $500mn, up 1.5-fold y/y, while fintech product volumes, including consumer lending and instalments, nearly tripled to $1.2bn.

Uzum currently employs around 12,500 people.