Uzbekistans first unicorn, Uzum, leaps to a $1.5B valuation
News Source : TechCrunch
News Summary
- Uzum has raised $65.5 million in a new funding round co-led by Tencent and the New York- and London-based VR Capital.
- The all-equity round brings the Tashkent-headquartered startup’s post-money valuation to approximately $1.5 billion.
- In the first half of 2025 alone, the startup recorded $250 million in gross merchandise value (GMV), up nearly 1.5x year-over-year.
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 nations homegrown unicorn, Uzum, has raised $65.5 mill [+5165 chars]
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