➤ The investment came from INMerge Ventures — a fund based in Baku backed by major Azerbaijani and Turkish organizations. This is its first deal in Kazakhstan.
➤ The first contact took place at Digital Bridge, and negotiations continued later in Doha at a closed Web Summit Qatar event. After due diligence, the fund gave a firm commitment.
Exclusively for Digital Business, UvU.kz co-founder and CEO Madiyar Toleugali shared the significance of the deal.
“For INMerge Ventures, what mattered was not only our current business in Kazakhstan, but also the potential of the model for other markets. This deal confirmed that we can be not just a local service, but a regional urban mobility platform,” says Madiyar.
➤ Currently, UvU.kz operates in Almaty, Astana, and Jeddah. Through the platform, more than 30 companies and 15 private schools use shuttle and transfer services.
➤ The company plans to close its funding round in June 2026, strengthen its position in Kazakhstan, and increase the number of daily active shuttles to 600 — which could grow revenue approximately fourfold.
Read more on the Digital Business website.
➤ The investment came from INMerge Ventures — a fund based in Baku backed by major Azerbaijani and Turkish organizations. This is its first deal in Kazakhstan.
➤ The first contact took place at Digital Bridge, and negotiations continued later in Doha at a closed Web Summit Qatar event. After due diligence, the fund gave a firm commitment.
Exclusively for Digital Business, UvU.kz co-founder and CEO Madiyar Toleugali shared the significance of the deal.
“For INMerge Ventures, what mattered was not only our current business in Kazakhstan, but also the potential of the model for other markets. This deal confirmed that we can be not just a local service, but a regional urban mobility platform,” says Madiyar.
➤ Currently, UvU.kz operates in Almaty, Astana, and Jeddah. Through the platform, more than 30 companies and 15 private schools use shuttle and transfer services.
➤ The company plans to close its funding round in June 2026, strengthen its position in Kazakhstan, and increase the number of daily active shuttles to 600 — which could grow revenue approximately fourfold.
Read more on the Digital Business website.
Share
