Uzum Hits $2.3B Valuation After Massive Oman-Led Raise
Uzbek fintech and e-commerce giant Uzum raised $131.5M, jumping 53% in valuation in just seven months.
Uzbekistan's Uzum just pulled off a monster round. The fintech and e-commerce company raised $131.5 million led by Oman's sovereign funds, catapulting its valuation to $2.3 billion.
That's a 53% jump from its $1.5 billion valuation back in August 2025. Not a bad seven months.
The deal included $81.5 million in equity. The rest presumably came through debt or other instruments, though details beyond the headline numbers remain thin.
Uzum operates across fintech and e-commerce in Uzbekistan — a market that's clearly attracting serious sovereign capital. Oman's funds leading the round signals growing appetite from Gulf investors for emerging tech plays outside the usual hubs.
At $2.3 billion, Uzum is staking its claim as a heavyweight in its region. The speed of the valuation climb suggests investors see significant runway ahead.