TASHKENT, Uzbekistan — March 10, 2026
Executive Summary
Uzum Holding LTD (“Uzum”), a digital ecosystem operating in Uzbekistan, has announced the closing of a strategic investment exceeding $130 million led by sovereign entities of the Sultanate of Oman. The transaction combines primary equity and structured capital and establishes a $2.3 billion pre-money valuation reference point, with conversion terms linked to Uzum’s next qualified financing round.
The investment includes participation from existing international shareholders VR Capital, Tencent, and FinSight Ventures. According to the company, the financing represents a step up from previous funding rounds and strengthens Uzum’s position ahead of a planned Series B financing.
Uzum stated that the capital will be used to accelerate the next phase of growth across its core platforms, including e-commerce, digital banking, payments, and consumer lending. The company operates an integrated digital ecosystem that includes platforms such as Uzum Market, Uzum Tezkor, Uzum Bank, and Uzum Nasiya, which together serve more than 20 million users across Uzbekistan.
Announcement Overview
Uzum Holding LTD announced the completion of a strategic investment exceeding $130 million led by sovereign entities of the Sultanate of Oman. The transaction includes both primary equity and structured capital and establishes a $2.3 billion pre-money valuation reference point for the company.
The investment is structured with conversion terms tied to Uzum’s next qualified financing round. According to the company, the funding represents a significant increase compared with earlier financing rounds and supports Uzum’s strategic positioning as it prepares for a future Series B round.
Existing shareholders VR Capital, Tencent, and FinSight Ventures also participated in the transaction. The company stated that the continued participation of these international investors reflects ongoing support from global stakeholders involved in earlier stages of Uzum’s development.
Uzum operates a digital ecosystem combining commerce and financial services in Uzbekistan. The company’s platforms integrate multiple digital services across e-commerce, payments, banking, and lending functions within a single ecosystem. Uzum stated that its platforms collectively serve more than 20 million users, representing more than half of the country’s population.
The company indicated that the new capital will support expansion across its core operating areas and enable further development of technology infrastructure supporting the ecosystem.
Key Announcement Details
- Announcement Type: Strategic investment
- Announcement Date: March 10, 2026
- Announcement City: Tashkent
- Announcement Country: Uzbekistan
- Company Name: Uzum Holding LTD
- Company Reference in Announcement: Uzum (the “Company”)
- Company Description in Announcement: Uzbekistan’s leading digital ecosystem
Investment Transaction
- Total Strategic Investment Amount: Over $130 million
- Lead Investor: Sovereign entities of the Sultanate of Oman
- Investor Reference in Announcement: The Investor
- Nature of Investment: Strategic investment
- Transaction Components:
- Primary equity
- Structured capital
- Valuation Reference Established by Transaction: $2.3 billion pre-money valuation
- Valuation Description: Pre-money valuation reference point
- Conversion Structure: Conversion terms linked to the Company’s next qualified financing round
Funding Context
- Relative Position to Previous Financing: Step-up from Uzum’s previous funding rounds
- Strategic Timing: Strengthens positioning ahead of the Company’s Series B
- Future Financing Round Referenced: Series B financing round
Participating Investors
- Existing Shareholders Participating:
- VR Capital
- Tencent
- FinSight Ventures
- Investor Classification: International shareholders
- Participation Significance Stated: Demonstrates strong international confidence in Uzum’s long-term growth
- Additional Context Mentioned: Confidence in Uzbekistan’s rapidly expanding digital economy
Capital Deployment Purpose
- Purpose of Investment: Accelerate Uzum’s next phase of growth
Business Verticals Targeted for Growth
- E-commerce
- Digital banking
- Payments
- Consumer lending
Operational Focus Areas for Capital Deployment
- Expanding product depth
- Strengthening infrastructure
- Increasing access to digital services nationwide
Ecosystem Structure
- Business Model Description: Fully integrated ecosystem
- Functional Integration: Combines commerce and fintech
- Operational Scale: National scale ecosystem
Platforms Within Uzum Ecosystem
- Uzum Market
- Uzum Tezkor
- Uzum Bank
- Uzum Nasiya
User Metrics
- Total Platform Users: Over 20 million people
- Population Context: Represents more than half of Uzbekistan’s population
Strategic Context Mentioned in Announcement
- Investor Characteristics:
- Long-term regional expertise
- Focus on high-growth consumer markets
- Focus on technology markets
- Market Context Mentioned: Growing international interest in Uzbekistan
- Country Economic Characterization: One of the most attractive emerging digital economies globally
Leadership Statement Attribution
- Company Founder: Djasur Djumaev
- Company CEO: Djasur Djumaev
Advisors on Transaction
- Legal Advisor to Uzum: DLA Piper
- Legal Advisor to the Investor: Greenberg Traurig
Strategic Context
According to the company, the investment will support the next phase of growth for Uzum’s integrated digital ecosystem. Uzum stated that the new capital will be deployed to expand product capabilities, strengthen infrastructure, and increase access to digital services across Uzbekistan.
Uzum operates across several core verticals including e-commerce, digital banking, payments, and consumer lending. The company’s platforms combine commerce and financial services within a unified ecosystem designed to support digital transactions and financial access.
The company stated that its ecosystem operates at national scale and integrates several digital platforms. These include Uzum Market, Uzum Tezkor, Uzum Bank, and Uzum Nasiya, which together provide online marketplace services, logistics and delivery solutions, banking services, and consumer lending products.
According to Uzum, the platforms are used by more than 20 million individuals, representing more than half of Uzbekistan’s population. The company indicated that expanding product depth and strengthening infrastructure will be a central focus following the new investment.
Uzum stated that the financing provides additional resources to support scaling of its digital platforms and continued development of its ecosystem in the country.
Leadership Statement
Commenting on the investment, Djasur Djumaev, Founder and Chief Executive Officer of Uzum, stated:
“This investment is a strong endorsement of both Uzum’s strategy and Uzbekistan’s digital potential. We are focused on building an infrastructure of national scale — technology-driven, inclusive, and designed for everyday use by millions of people and businesses. The support from the Investor, alongside our existing global shareholders, gives us strong momentum as we prepare for Series B and continue scaling our ecosystem.”
The company stated that the investment reflects continued collaboration with international investors involved in Uzum’s growth and development.
Transaction Advisors
Uzum stated that it was advised on the transaction by DLA Piper.
The sovereign entities of the Sultanate of Oman participating in the investment were advised by Greenberg Traurig.
About Uzum
Uzum Holding LTD operates a digital ecosystem in Uzbekistan combining e-commerce and financial technology services within a single integrated platform. The company provides digital services across several sectors including online commerce, banking, payments, and consumer lending.
Uzum’s ecosystem includes multiple platforms designed to support digital transactions and financial access. These include Uzum Market, an e-commerce marketplace; Uzum Tezkor, a logistics and delivery platform; Uzum Bank, which provides digital banking services; and Uzum Nasiya, which offers consumer lending products.
According to the company, its services are used by more than 20 million people, representing more than half of Uzbekistan’s population. The platforms are designed to integrate commerce and financial services at a national scale while supporting everyday transactions for consumers and businesses.
Uzum stated that it continues to expand its ecosystem by developing new digital services and strengthening the infrastructure supporting its platforms.
Media Contact
For additional information, visit uzum.com.
Source Attribution
Source: Company announcement