Uzum, a Central Asian startup, raised $65.5 million in new funding led by Tencent and VR Capital, reaching a valuation of approximately $1.5 billion. Launched in 2022, it started with an e-commerce platform, Uzum Market, and expanded into fintech with a debit card and a food delivery service. The platform has over 17 million users and 16,000 merchants. In 2025, it recorded $250 million in gross merchandise value and achieved $150 million in net income for 2024. Its founder attributes success to local knowledge and disciplined execution.
Uzum has raised $65.5 million, leading to a valuation increase to $1.5 billion, reflecting its rapid growth and interest from global investors.
Uzum started as an e-commerce marketplace in Uzbekistan and expanded into fintech and food delivery, now serving over 17 million monthly active users.
The startup recorded $250 million in gross merchandise value in 2025, up nearly 1.5 times year-over-year, showcasing robust growth in its e-commerce platform.
Uzum's founder credits the company’s rapid success to a combination of deep local knowledge and disciplined execution within Uzbekistan's market.
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