History

2024

FebruaryUzum Avto was launched

MarchUzum raised over $100 million, becoming Uzbekistan's first-ever tech unicorn with a valuation exceeding $1 billion

The lead investor in the Series A round was global venture fund FinSight Ventures (which has invested in Intercom, ThoughtSpot, Automation Anywhere, Toss, GupShup, Razorpay, Bumble, Rappi, Carta and others). Xanara Investment Management, an India-based firm focused on the Gulf region, joined the round as a follow-on investor. Over $50 million was raised in equity, with an additional $50 million previously secured through debt financing.

AprilUzum Tezkor expanded its operations to Bukhara, Navoi and Namangan

In Navoi, Uzum Tezkor became the first major food delivery service.

JuneUzum Bank ranked first among banking and payment service apps according to Markswebb

JulyUzum Tezkor became the country’s largest food delivery service by geographic coverage

AugustUzum Bank launched its first banking product, a Visa card, developed entirely on its own infrastructure

2023

MayThe express delivery service Uzum Tezkor was introduced

JulyUzum Market surpassed 1 million orders in a single month

Construction of the country’s largest logistics complex for e-commerce commenced.

OctoberUzum Business, a service designed specifically for entrepreneurs, was launched

2022

FebruaryConstruction of the first fulfilment centre for Uzum Market began

The ecosystem was founded in 2022 by entrepreneur Djasur Djumaev and Uzbek partners.

OctoberUzum Market, the first service under the Uzum brand, was launched

The digital bank Apelsin rebranded and became an integral part of the ecosystem.

Uzum Nasiya (formerly Paymart) also joined the ecosystem.

History

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