Uzbekistan’s Uzum valuation leaps over 50% in seven months to $2.3B

Uzbekistan’s Uzum valuation leaps over 50% in seven months to .3B

Uzbekistan’s Uzum valuation leaps over 50% in seven months to $2.3B

Admin3 months ago09 mins

Uzbekistan fintech Uzum has reached a $2.3 billion valuation — about 53% higher than just seven months ago — as investors place growing bets on the country’s emerging digital economy. The valuation stems from a $131.5 million investment led by sovereign wealth funds from Oman, with participation from existing investors including Tencent, VR Capital, and…

Uzbekistan’s first unicorn, Uzum, leaps to a .5B valuation

Uzbekistan’s first unicorn, Uzum, leaps to a $1.5B valuation

Admin10 months ago09 mins

At a time when the world feels increasingly divided between East and West, Uzbekistan has emerged as a rare middle ground, as the Central Asian nation’s homegrown unicorn, Uzum, has raised $65.5 million in a new funding round co-led by China’s Tencent and the New York- and London-based VR Capital, with participation from U.S.-based FinSight…