- Companies
- Uzum
Uzum Revenue, Valuation, Funding & Investors
Uzum is valued at $2.4B as of March 2026, a 3.5x multiple on its last reported $691M revenue.
Last Uzum valuation
$2.4B
Undisclosed stage · Mar 2026
Last Uzum funding round
$132M
Undisclosed stage · Mar 2026
Uzum revenue
$691M
Undisclosed stage · Mar 2026
Key investors in Uzum
FinSight Ventures
Tencent
VR Capital Group
Xanara
About Uzum
Uzum is a Tashkent-headquartered super-app ecosystem powering e-commerce and fintech in Uzbekistan and Kazakhstan. It encompasses Uzum Market for online retail, Uzum Bank for digital payments and loans, Uzum Delivery for logistics, and services like utility bill payments and ride-hailing. The platform integrates shopping, finance, and everyday utilities into one interface. Businesses leverage its marketplace to access millions of consumers across Central Asia.
Founded
2022
HQ
Website
Status
Privately held
Customer focus
B2C & B2B
Revenue model
Commission, Advertising
Revenue
$691M (Mar 2026)
Valuation
$2.4B (Mar 2026)
Uzum Valuation
Uzum is currently valued at $2.4B, based on its undisclosed-stage round in March 2026.
The $132M round included VR Capital Group, Tencent and FinSight Ventures.
Uzum's valuation has grown 2.4x from $1B at its Series A in March 2024 to $2.4B in March 2026, across 3 priced rounds.
Uzum valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2026 | Undisclosed stage | $2.4B | 3.5x |
| Aug 2025 | Series A | $1.5B | 2.2x |
| Mar 2024 | Series A | $1B | 1.4x |
Uzum Revenue
Uzum's latest recorded revenue is $691M, as of its undisclosed-stage round in March 2026. At a $2.4B valuation, that implies a 3.5x revenue multiple.
Revenue moved from $691M in March 2024 to $691M in March 2026, while the revenue multiple moved from 1.4x to 3.5x.
Uzum revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Mar 2026 | $691M | $2.4B | 3.5x | Undisclosed stage |
| Aug 2025 | $691M | $1.5B | 2.2x | Series A |
| Mar 2024 | $691M | $1B | 1.4x | Series A |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Uzum Funding History
Uzum has raised a total of $254M across 3 funding rounds.
Uzum's first fundraising round was a $52M Series A in March 2024. The most recent completed round was a $132M undisclosed-stage round in March 2026.
Uzum funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2026 | Undisclosed stage | VR Capital Group; Tencent; FinSight Ventures | $132M | $2.4B | - |
| Aug 2025 | Series A | Tencent (lead); VR Capital Group (lead); FinSight Ventures | $70M | $1.5B | Uzum is Uzbekistan’s leading digital ecosystem, integrating e-commerce (Uzum Market, Uzum Tezkor), digital banking (Uzum Bank), payments, and consumer lending (Uzum Nasiya), serving over 20 million users—more than half of Uzbekistan’s adult population—and connecting 17,000 local sellers. In March 2026, Uzum closed a strategic investment exceeding $130 million, primarily from sovereign entities of the Sultanate of Oman, with participation from existing investors VR Capital, Tencent, and FinSight Ventures. This round establishes a $2.3 billion pre-money valuation reference point tied to conversion terms for the next qualified financing (Series B), marking a step-up from the prior August 2025 round of $65.5 million at $1.5 billion valuation. The funds will accelerate growth in core verticals, focusing on product depth, infrastructure, and nationwide digital services expansion amid Uzbekistan’s booming digital economy driven by young demographics and rising smartphone penetration. Fintech is the fastest-growing and most profitable segment: Uzum Bank serves 5 million customers, issued 4.1 million debit cards in 2025 (half of Uzbekistan’s total), grew unsecured loans to $400 million, and hit $1.2 billion in total finance volume. E-commerce generated $500 million GMV (1.5x YoY), while ecosystem payment volume reached $11.1 billion (2x YoY), with 4.6 million annual transacting users (up from 3 million). For 2025, Uzum reported $691 million revenue (up from $505 million in 2024) and $176 million net profit (up from $150 million), achieving EBITDA profitability in e-commerce after three years. The company employs 12,500 people and plans further tech investments, data infrastructure, and 5 million more banking customers, positioning as foundational infrastructure for commerce and financial services in Uzbekistan. |
| Mar 2024 | Series A | FinSight Ventures (lead); Xanara | $52M | $1B | Uzum is a leading digital services ecosystem in Uzbekistan, offering e-commerce marketplace, fintech including buy-now-pay-later (BNPL) where 45-50% of transactions occur, food delivery, and a digital bank. Launched in 2022, it operates as a superapp inspired by successes like Kaspi.kz in Kazakhstan. In March 2024, Uzum raised $114 million total, comprising $52 million in primary equity via Series A led by FinSight Ventures with participation from Xanara Investment Management and Uzum's senior management, plus $62 million in separate debt financing. This marked Uzbekistan's first tech unicorn with post-money valuation over $1 billion, diluting less than 5% equity to new investors. Funds will enhance IT and logistics infrastructure, expand fintech including new unsecured lending for individuals and SMEs, and support e-commerce growth. Uzum plans Uzbekistan's largest e-commerce logistics complex in 2024, targeting over 150% increase in platform e-commerce turnover that year. Two-thirds of equity proceeds target fintech, one-third e-commerce. The company eyes $200 million Series B later in 2024 from Middle East, UK, and US investors. Uzum's 2023 performance, its first full operations year, drove minimal dilution decision amid strong growth potential in Uzbekistan's market. FinSight Ventures, managing over $500 million AUM with exits like Bumble, focuses on fintech, SaaS, e-commerce, and emerging market superapps. Xanara provides family office services in UAE. |
Who has invested in Uzum?
4 investors have backed Uzum across its funding rounds, including FinSight Ventures, Tencent, VR Capital Group and Xanara.
Lead investors include Tencent, VR Capital Group and FinSight Ventures.
Uzum Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Mar 2024 | ||
| 2 | Lead | Aug 2025 | ||
This data is available for Pro users. Sign up to see all 4 Uzum investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialUzum Competitors
Uzum competitors include listed companies like Ziff Davis, Kakaku.com, QuinStreet and SMZDM.com, and private ones like Whop and Flutterwave.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $142M | - | $1.6B | 11.3x | ||
| Publicly listed | $1.5B | $335M | $2B | 1.0x | ||
| Private | $95M | - | $3.3B | - | ||
| Publicly listed | $605M | $175M | $4.8B | 7.0x | ||
| Publicly listed | $1.3B | $61M | $1B | 0.7x | ||
| Publicly listed | $192M | $19M | $1B | 4.7x |
Uzum Public Comps
Uzum is still privately-owned, but its public comps include Banco Inter, Urban Company, Visional, People, TX Group, Ziff Davis, Lime, Goto Gojek Tokopedia, Seek and ACV Auctions.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.6B | - | 1.5x | 1.2x | - | - | |||
| $162M | ($26M) | 14.4x | 12.3x | (90.6x) | (72.0x) | |||
| $515M | $157M | 3.3x | 2.6x | 10.8x | 9.3x | |||
| $2.4B | $122M | 1.3x | 1.6x | 25.4x | 11.3x | |||
| $1.1B | $310M | 2.1x | 2.1x | 7.2x | 8.1x | |||
| $1.5B | $335M | 0.9x | 1.0x | 3.8x | 3.3x | |||
| $887M | $87M | 2.2x | - | 22.2x | - | |||
| $1B | ($16M) | 2.0x | 1.7x | (125.5x) | 13.1x | |||
This data is available for Pro users. Sign up to see all Uzum competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Uzum
| When was Uzum founded? | Uzum was founded in 2022. |
| Where is Uzum headquartered? | Uzum is headquartered in Tashkent, Uzbekistan. |
| Is Uzum publicly listed? | No, Uzum is a private, VC-backed company. |
| What is Uzum's valuation? | Uzum was last valued at $2.4B in its undisclosed-stage round in March 2026. |
| How much funding has Uzum raised? | Uzum has raised $254M across 3 funding rounds. |
| What was Uzum's last funding round? | Uzum's last funding round was a $132M undisclosed-stage round in March 2026. |
| Who are Uzum's investors? | Uzum's investors include FinSight Ventures, VR Capital Group, Tencent and Xanara. |
| What is Uzum's revenue? | Uzum's latest recorded revenue is $691M (March 2026). |
| What is Uzum's revenue multiple? | Uzum's latest valuation implies a 3.5x revenue multiple ($2.4B valuation on $691M of revenue). |
| Which companies are comparable to Uzum? | Companies comparable to Uzum include Whop, Ziff Davis, Flutterwave, Kakaku.com, QuinStreet and SMZDM.com. |
See companies similar to Uzum
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




