Photo: it-park.uz
Over the past five years, the valuation of Uzbekistan’s startup ecosystem has grown fivefold, reaching $3.9 billion. In terms of growth rate, the Central Asian republic has outpaced not only Silicon Valley but also countries with advanced IT sectors such as India, Turkey, and Lithuania. The data was presented by experts from the international analytics platform Dealroom.co during ICT Week 2025 in Tashkent, Repost.uz reported.
Specialists note that the figures reflect the rapid development of Uzbekistan’s IT market. A complete growth chain is now emerging in the country — from early-stage startups to large companies.
Analysts highlighted key market players, including Uzum, TBC Bank Uzbekistan, Click, Billz, Alif, Green White Solutions (Smartup), FOM Group (ArzonApteka), Oson, and FlexSoft. Of these, Uzum and TBC Bank Uzbekistan stand out, having achieved unicorn status — technology companies valued at more than $1 billion. This, Dealroom.co experts said, proves that projects of global scale can be built in Uzbekistan.
According to international experts, 54 Uzbek startups operate in EdTech, 51 in FinTech, 31 focus on logistics and delivery optimization, and 26 are developing AI-based solutions.
More than 50 startups founded by Uzbeks are active in foreign markets, ranging from the United States and the United Kingdom to the Gulf countries. The total investment raised by Uzbek startups is approaching $9 million.
During a specialized summit held as part of ICT Week, the launch of Domino Uzbekistan Fund was announced — the first European venture fund with foreign capital in Central Asia, with $20 million earmarked for investment in promising projects.
In addition, IT Park Ventures has become a provider of AWS Activate, giving startups access to Amazon’s services.
“With AWS, we are giving founders direct access to the same infrastructure that supports global leaders. This changes the game for the entire ecosystem,” emphasized IT Park Uzbekistan director Abdulahad Kuchkarov.
Dealroom.co, founded in Amsterdam in 2013, is a leading provider of data on startups, innovation, high-growth companies, ecosystems, and emerging technologies. The company partners with prominent investors, entrepreneurs, and government organizations to ensure transparency, analysis, and insights into venture capital.
