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Uzum's Significant Strategic Investment

Uzum, Uzbekistan's premier digital ecosystem, has recently achieved a landmark in its growth journey by securing over $130 million in a strategic investment. This investment is notably backed by sovereign entities from the Sultanate of Oman, marking a significant milestone for the company as it looks to bolster its operations and reach within the region.

The deal, which brought together both primary capital and structured financing, sets a pre-financing valuation benchmark of $2.3 billion for Uzum. This value places the company in an advantageous position as it prepares for its upcoming Series B funding round. The investment is considered a major progression from Uzum's previous funding rounds, significantly fortifying its market standing.

Existing international shareholders, including VR Capital, Tencent, and FinSight Ventures, participated in this round, underscoring global confidence in Uzum’s long-term growth and the expanding digital economy in Uzbekistan. This robust consortium of investors highlights Uzum's credibility and potential within the larger context of digital and consumer technology landscapes.

The funds acquired will be pivotal in accelerating Uzum’s growth across its core verticals—e-commerce, digital banking, payment solutions, and consumer lending. The infusion of capital aims to broaden the scope of its product offerings, strengthen its technical infrastructure, and extend access to digital services across Uzbekistan. With over 20 million users, which is more than half of the country's population, Uzum has developed a comprehensive ecosystem combining commerce and fintech.

“Securing this investment is a tremendous endorsement of Uzum’s strategy and Uzbekistan's digital potential,” stated Djasur Djumaev, the founder and CEO of Uzum. He emphasized the company's commitment to building a nationwide infrastructure driven by technology, designed to cater to the daily needs of millions of individuals and businesses.

The backing from Omani investors, with their extensive regional expertise and strong focus on high-growth consumer and technology markets, is indicative of the rising international interest in Uzbekistan as one of the world’s most attractive emerging digital economies.

Uzum aims to utilize this partnership not only to enhance its services but also to position itself strategically in the competitive landscape of digital solutions. DLA Piper provided advisory services to Uzum during this transaction, while Greenberg Traurig assisted the investors.

As Uzbekistan continues to grow as a hub for digital innovation, Uzum remains at the forefront, ready to scale its operations and lead the charge in adopting new technologies and enhancing consumer experiences across the board. The strategic investment symbolizes a pivotal moment in Uzum's mission to revolutionize Uzbekistan's digital infrastructure, fostering an environment that promotes accessibility and inclusivity for the burgeoning digital marketplace.