Uzbekistan’s rising peer-to-peer classifieds platform, BirBir, has announced the successful completion of a $10 million funding round. This capital will drive the company’s next phase of growth — expanding its team, refining its offerings, and extending its reach within Uzbekistan and the broader region.
Founded in 2023 by fintech pioneer Alexander Pekin and education technology strategist Alexander Bayzarov, BirBir was launched to meet a growing demand for a mobile-friendly, streamlined solution for everyday buying, selling, and trading. Since its inception, BirBir has rapidly become one of Uzbekistan’s leading digital services, now drawing over half a million active monthly users and supporting three million sessions per month.
BirBir’s meteoric rise is largely credited to its mobile-first design, which caters to Uzbekistan’s increasingly connected consumer base. With intuitive navigation, local language support, and simple tools for buying or selling anything from electronics and household goods to property and vehicles, it provides a compelling alternative to traditional methods.
Driving Change in the Car Market
BirBir’s early impact has been particularly strong in the automotive sector. In 2024, new vehicle sales surpassed 450,000 in Uzbekistan, with the pre-owned market growing even faster. By offering a secure, digital environment for car buyers and sellers to interact, BirBir has brought much-needed structure to this booming space.
“We are focused on building a seamless, trust-based environment for peer-to-peer transactions, especially in sectors like automotive, where transparency and convenience are key,” said Alexander Pekin, co-founder of BirBir. “The investment will allow us to improve our infrastructure, introduce AI-powered features, and enhance the user experience.”
Digital Retail on the Rise
Uzbekistan’s e-commerce sector is undergoing swift expansion. While online retail represented just 4% of all sales in 2023, that share is projected to soar to 15% by 2027. Analysts anticipate the market will exceed $1 billion in value — a trend that BirBir is ideally positioned to benefit from.
“Uzbekistan’s digital economy is in the early stages of a major transformation,” said Alexander Bayzarov, co-founder of BirBir. “With a large, young, and tech-savvy population, coupled with the government’s growing focus on digital infrastructure, the country offers a tremendous opportunity for businesses like ours.”
Next Steps for BirBir
The funding will enable BirBir to further invest in its product roadmap, introduce AI-driven tools, and bolster the trust and security of its platform. The company also plans to extend its footprint throughout Central Asia as it cements its role as Uzbekistan’s go-to destination for peer-to-peer commerce.
For more information, visit www.birbir.uz.
