Uzum is a comprehensive e-commerce platform in Uzbekistan that offers online shopping, food delivery, and fintech services. It is the first unicorn startup in the country, with a valuation exceeding 1 billion dollars. The company recently raised 114 million dollars in funding, bringing its total valuation to 1.16 billion dollars.
According to Uzum, the platform has around 10 million users on average per month (Uzbekistan has a population of approximately 36 million) and plans to raise additional funds this year, including a Series B round of about 200 million dollars.
Uzum’s 2024 plan involves investing in the logistics business to support the growth of e-commerce, as well as expanding its fintech business to connect businesses and customers.
Source: Uzum via TechCrunch
TLDR: Uzum is a unicorn startup in Uzbekistan offering e-commerce, food delivery, and fintech services with a valuation exceeding 1 billion dollars. They plan to invest in logistics and expand their fintech business in 2024.
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