Uzum raised $114M in a Series A funding led by FinSight Ventures to expand its fintech and e-commerce business in Uzbekistan.

Mar 26, 2024•over 1 year ago

Amount Raised

$114 Million

Round Type

series a

TashkentSoftware

Investors

Uzum’s Senior ManagementXanara Investment ManagementFin Sight Ventures

Description

Uzum, an e-commerce startup in Uzbekistan, raised $114 million in a Series A funding round led by FinSight Ventures, with participation from Xanara Investment Management and Uzum’s senior management. The funding will be used to expand its fintech business with plans to launch new products for unsecured lending and to enhance the infrastructure of its e-commerce arm.

Company Information

Company

Uzum

Location

Tashkent, Tashkent, Uzbekistan

About

Uzum is a pioneering company based in Uzbekistan. Uzum ecosystem integrates a range of services designed to enhance quality of life, granting residents throughout the country access to millions of products with swift delivery, modern financial solutions, and a platform for business growth. Our ecosystem unites a marketplace with thousands of goods available for next-day delivery, a queue-free banking experience, and a variety of practical services for everyday needs – all conveniently housed in one app. Uzum combines established services already trusted by millions with fresh, innovative offerings designed to meet the evolving needs of the nation.

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Funding Insights

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