Uzum becomes first tech unicorn in Uzbekistan after raising over $100 mln in funding
TASHKENT, Uzbekistan, March 26, 2024 /PRNewswire/ -- Uzum, a leading digital services ecosystem in Uzbekistan, has secured more than $100 mln in funding through a combination of a Series A funding round and debt financing, making Uzum the first tech company in Uzbekistan to achieve unicorn status with a post-money valuation of over $1 billion.
- TASHKENT, Uzbekistan, March 26, 2024 /PRNewswire/ -- Uzum, a leading digital services ecosystem in Uzbekistan, has secured more than $100 mln in funding through a combination of a Series A funding round and debt financing, making Uzum the first tech company in Uzbekistan to achieve unicorn status with a post-money valuation of over $1 billion.
- Uzum secured over $50 mln in equity through a Series A funding round consisting wholly of primary investments.
- Investors taking part in the Series A funding round will receive stakes of less than 5% in the company.
- All of the ecosystem's components are now being integrated into two superapps: Uzum for individuals, and Uzum Business for legal entities.