Uzbekistan’s digital ecosystem company, GrapeIt is preparing to raise new capital through a private investment round before the end of 2026. This move is intended to accelerate the company’s growth trajectory as it lays the groundwork for possible expansion. exchange It will be released in the medium term.
According to Founder and CEO Djasur Djumaevadditional funding will help sustainability expansion plans.
He noted that an initial public offering remains a longer-term prospect, potentially within a two- to three-year window, but the immediate priority is to secure private capital to support continued development this year.
As first reported BloombergUzum has established itself as a key player in Central Asia’s emerging digital economy.
Founded in 2022, the Tashkent-based company operates an integrated platform that combines e-commercelogistics, digital banking and financial services.
Its core offerings include Grape Market, a large-scale online marketplace with nationwide delivery; Üzüm Tezkor for faster domestic deliveries; Üzüm Bank, a completely digital banking service; and related fintech tools such as buy now-pay later options and business solutions.
The company has benefited significantly from Uzbekistan’s strong economic momentum and youth. technology– understanding population.
It currently reaches more than 20 million monthly users, representing more than half of the country’s population, and has become the country’s first tech unicorn.
Previous funding rounds had already spurred significant growth. In 2025, Uzum raised approximately $70 million in equity financing led by Tencent Holdings and VR Capital with participation from FinSight Ventures, increasing its valuation to approximately $1.5 billion.
Later strategic round It cited a pre-money valuation of $2.3 billion in early 2026, backed by independent investors from Oman and including existing backers.
These investments have allowed Uzum to expand its infrastructure, expand its product offerings and strengthen its position in Uzbekistan’s regions.
The importance the platform attaches to localized logistics and accessibility financial servicesand support for small businesses is aligned with broader national efforts to digitize the economy and improve financial inclusion.
Djumaev’s comments indicate that the momentum continues.
Uzum aims to maintain its aggressive scaling pace without rushing to public markets by holding another private round before the end of the year.
Industry professionals such asIPO Financing is common among fast-growing technology companies looking to optimize timing and valuation before listing.
The planned capital raise comes at a time of growing investor interest in Central. Asia technology and fintech opportunities remain high.
The combination of Uzbekistan’s demographic advantages, regulator The advancement of digital finance and improved connectivity has attracted the attention of global players, as evidenced by Tencent’s participation.
Uzum’s strategy appears focused on deepening its ecosystem, increasing user engagement, and potentially expanding its reach beyond Uzbekistan.
With a proven track record of consistent user adoption and successful fundraising, the company is positioning itself as a benchmark. digital innovation in the region.
If carried out successfully, future funding round it could be to ensure Resources needed to further integrate services, invest in technology and prepare for eventual public market entry. For now, the focus remains on executing direct growth initiatives as capital market conditions and company performance continue to improve. 2026.
