According to a recent LinkedIn post from Uzum, the company has completed a strategic investment round raising more than $130 million from sovereign entities of the Sultanate of Oman, alongside existing backers VR Capital, Tencent and FinSight Ventures. The post indicates that this round sets a new valuation benchmark of $2.3 billion for the Uzbekistan-focused digital ecosystem.
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The LinkedIn post suggests that the fresh capital will be directed toward expanding Uzum’s core verticals, including e-commerce, digital banking and payment services. It also notes that over 20 million users in Uzbekistan access Uzum’s services each month, and the funding is expected to support technological infrastructure growth and broader access to digital services across the country.
For investors, the participation of Omani sovereign entities and repeat commitments from prior international investors may be interpreted as incremental validation of both Uzum’s business model and Uzbekistan’s emerging digital economy. The higher valuation and earmarked investment in infrastructure and product expansion could signal an ambition to consolidate market share locally while laying groundwork for future regional competitiveness in fintech and e-commerce.
The post further implies that the capital injection may enhance Uzum’s ability to scale its platform, deepen monetization across its ecosystem and improve operational resilience. If effectively deployed, these developments could translate into stronger revenue growth potential and a more defensible position against local and international competitors in Central Asia’s rapidly developing digital markets.