Uzum aims to raise $300 million ahead of a potential IPO.

This year, Uzum has already raised over $100 million, allowing the company to be valued at more than $1 billion and become the first Uzbek unicorn in history. The Series A funding round included investors from the USA, countries of the Gulf Cooperation Council (GCC), as well as other international investors.

The company plans to conduct a Series B round in the second quarter of 2025, aiming for further growth and a potential IPO. Among the options being considered are a dual listing of shares in the United Arab Emirates (UAE) and on the American stock exchange Nasdaq.

According to representatives of Uzum, in the Series B, the company hopes to raise up to $300 million, which will enable it to continue preparations for the public offering.