Uzbekistan’s Uzum becomes first unicorn, hits $1.5B valuation
E-commerce and fintech platform Uzum has raised $65.5 million in a funding round co-led by Tencent and VR Capital, pushing its valuation to $1.5 billion. This marks Uzbekistan’s first tech unicorn, a milestone for the region’s startup ecosystem. The round also included participation from FinSight Ventures, and follows Uzum’s rapid growth as it scales its digital marketplace and financial services.
This signals growing investor confidence in Central Asia’s tech potential and highlights Uzbekistan as an emerging hub for digital innovation.
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