It is reported that Tencent is leading an investment of $65.5 million in Uzbekistan's first unicorn, Uzum
According to market news, Tencent and VR Capital Group led an investment of $65.5 million into Uzbekistan's first unicorn, fintech and e-commerce company Uzum, raising Uzum's valuation by 30% compared to March last year to approximately $1.5 billion. Uzum has over 17 million monthly active users, nearly half of Uzbekistan's adult population, covering about two-thirds of local smartphone users and 16,000 businesses. Uzum's gross merchandise volume (GMV) in the first half of the year reached a record $250 million, nearly 1.5 times year-on-year growth. Established in 2022, Uzum expanded its business in Uzbekistan with its e-commerce platform named Uzum Market, later entering the fintech sector by launching a debit card, and subsequently expanding into Uzum Tezkor delivery services
According to market news, Tencent (00700) and VR Capital Group led an investment of $65.5 million into Uzum, Uzbekistan's first unicorn, a fintech and e-commerce company, increasing Uzum's valuation by 30% compared to March last year to approximately $1.5 billion.
Uzum has over 17 million monthly active users, nearly half of Uzbekistan's adult population, covering about two-thirds of local smartphone users and 16,000 businesses. Uzum's gross merchandise volume (GMV) reached a record $250 million in the first half of the year, nearly 1.5 times year-on-year growth.
Founded in 2022, Uzum expanded its business in Uzbekistan with its e-commerce platform Uzum Market, and later ventured into the fintech sector, launching a debit card, followed by the expansion into Uzum Tezkor delivery service
