Uzum plans to raise $300 million in the second round of investments

The Uzum ecosystem is preparing for a second round of funding, which will take place in the second quarter of 2025. The company plans to raise up to $300 million.

In March, Uzum conducted its first investment round, raising over $100 million and becoming the first "unicorn" in Uzbekistan. Since then, investor interest in the project has only grown.

The company focuses on local needs, offering one-day delivery and installment payments. This has helped attract an audience accustomed to shopping at bazaars, skipping the traditional retail stage and moving directly to modern solutions.

Today, Uzum is present in all settlements with a population of 10,000 or more, and the marketplace's product range exceeds 1 million items, which is 10 times more than what is available at a bazaar.

In its first year, Uzum Market achieved a turnover of $150 million, with $300 million expected in 2024. In 2025, the company aims to double this figure to $600 million, driven by a growing middle class willing to pay for convenience and use new services.

Uzum continues to build a large-scale ecosystem that will become a key player in Uzbekistan's e-commerce market.

Source: bne IntelliNews