Uzum Raises Over $130 Million at $2.3 Billion Valuation to Expand Digital Ecosystem

According to a recent LinkedIn post from Uzum, the Uzbekistan-based digital services platform has completed a strategic investment round exceeding $130 million, led by sovereign entities of the Sultanate of Oman alongside existing backers VR Capital, Tencent and FinSight Ventures. The post indicates that the transaction sets a new valuation benchmark of $2.3 billion for the company.

The company’s LinkedIn post highlights plans to allocate the new capital to its core verticals of e-commerce, digital banking and payment services, supported by expansion of its technological infrastructure. With more than 20 million monthly users in Uzbekistan cited in the post, the additional funding suggests scope for deeper market penetration and potential ARPU growth in one of Central Asia’s faster-growing digital economies.

For investors, the participation of Omani sovereign investors and established international funds may be interpreted as a signal of rising institutional confidence in both Uzum’s ecosystem model and Uzbekistan’s broader digital market. The higher valuation and ecosystem-focused deployment of capital could position Uzum more competitively against regional peers, potentially paving the way for future fundraising or strategic partnerships if execution on growth initiatives meets expectations.