🚀 Uzbekistan's first unicorn is born! 🚀
Uzum, the e-commerce startup, has secured $114M in funding, transforming it to unicorn status with a valuation of $1.16B!
📱 With over 8M monthly active users, Uzum fills a gap in Uzbekistan's market, offering a comprehensive online marketplace and fintech solutions.
💳 Its buy-now-pay-later (BNPL) product dominates e-commerce transactions, while expansion into food delivery and digital banking strengthens its foothold.
💼 Led by FinSight Ventures, the Series A round aims to boost Uzum's fintech and e-commerce arms, with plans for new product launches and infrastructure investments.
🌐 By year-end, Uzum plans to merge its offerings into two super apps and unveil Uzbekistan's largest e-commerce logistics complex, aiming for exponential growth.
Congrats to Uzum and Uzbekistan on this important step forward demonsrating significant growth of its tech ecosystem! 🌟
https://t.me/threenstartups
#unicorn #uzbekistan #uzum
Uzum, the e-commerce startup, has secured $114M in funding, transforming it to unicorn status with a valuation of $1.16B!
📱 With over 8M monthly active users, Uzum fills a gap in Uzbekistan's market, offering a comprehensive online marketplace and fintech solutions.
💳 Its buy-now-pay-later (BNPL) product dominates e-commerce transactions, while expansion into food delivery and digital banking strengthens its foothold.
💼 Led by FinSight Ventures, the Series A round aims to boost Uzum's fintech and e-commerce arms, with plans for new product launches and infrastructure investments.
🌐 By year-end, Uzum plans to merge its offerings into two super apps and unveil Uzbekistan's largest e-commerce logistics complex, aiming for exponential growth.
Congrats to Uzum and Uzbekistan on this important step forward demonsrating significant growth of its tech ecosystem! 🌟
https://t.me/threenstartups
#unicorn #uzbekistan #uzum
TechCrunch
Meet Uzbekistan's first unicorn: e-commerce startup Uzum | TechCrunch
Uzum, an Uzbek startup offering online shopping, fintech and food deliveries, has become the country's first unicorn.
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"With a population of 36 million, where are all the great founders?" ask Uzbek investors.
This question is set to become increasingly relevant as new venture funds, backed by both government and private sector support, emerge across Uzbekistan.
To not miss a detailed list of these investors and their areas of focus, check out Venture with Love, curated by Davron Parmonov, an experienced partner at AloqaVentures - Uzbekistan’s largest and most active early-stage VC with global ambitions.
AloqaVentures has already invested $3.7 million in 29 startups from Caucasus and Central Asian region. Average check size is $100K, and the fund is still in the active investment stage, looking for promising founders of IT startups.
We see huge potential in the regional cross-border collaboration and encourage Armenian startup ecosystem members to seize the chance and learn first-hand insights about the opportnities in Central Asia by joining @VentureWithLove
P.S. Love the name of the channel - VentureWithLove ❤️
#VentureWithLove #Parntership #Uzbekistan #AloqaVentures
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This question is set to become increasingly relevant as new venture funds, backed by both government and private sector support, emerge across Uzbekistan.
To not miss a detailed list of these investors and their areas of focus, check out Venture with Love, curated by Davron Parmonov, an experienced partner at AloqaVentures - Uzbekistan’s largest and most active early-stage VC with global ambitions.
AloqaVentures has already invested $3.7 million in 29 startups from Caucasus and Central Asian region. Average check size is $100K, and the fund is still in the active investment stage, looking for promising founders of IT startups.
We see huge potential in the regional cross-border collaboration and encourage Armenian startup ecosystem members to seize the chance and learn first-hand insights about the opportnities in Central Asia by joining @VentureWithLove
P.S. Love the name of the channel - VentureWithLove ❤️
#VentureWithLove #Parntership #Uzbekistan #AloqaVentures
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🔥 Join 3N to stay on top of startup news
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🚀 Plug and Play Tech Center’s International Accelerator in Uzbekistan is Accepting Applications!
Source: LinkedIn post of Plug and Play Central Asia and Caucasus
Focus Areas:
The program is seeking innovative fintech startups disrupting payments, redefining investing, or driving financial inclusion.
Who Should Apply?
- International startups aiming to expand into Uzbekistan
- High-growth startups worldwide with proven traction and scaling potential
What’s in it for You?
- Knowledge: Mentorship, workshops and lectures by international experts
- Network: Expo to showcase your solutions, Access to Plug and Play’s global network
- Finance: Investment opportunities
Application Deadline: February 1, 2025
Apply Here: https://innovationchallenge.pnp.tc/int-accelerator-uzbekistan/
#PlugAndPlay #Uzbekistan #FinTech #Acceleration
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Source: LinkedIn post of Plug and Play Central Asia and Caucasus
Focus Areas:
The program is seeking innovative fintech startups disrupting payments, redefining investing, or driving financial inclusion.
Who Should Apply?
- International startups aiming to expand into Uzbekistan
- High-growth startups worldwide with proven traction and scaling potential
What’s in it for You?
- Knowledge: Mentorship, workshops and lectures by international experts
- Network: Expo to showcase your solutions, Access to Plug and Play’s global network
- Finance: Investment opportunities
Application Deadline: February 1, 2025
Apply Here: https://innovationchallenge.pnp.tc/int-accelerator-uzbekistan/
#PlugAndPlay #Uzbekistan #FinTech #Acceleration
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