On December 23, Kazakhstan’s leading venture fund, MOST Ventures, has signed an agreement to invest in Bito, a B2B SaaS startup operating in Uzbekistan, as part of a bridge round. As a result, Bito has reached a valuation of $10 million. This valuation reflects growing confidence among regional investors in organically developed Uzbek tech companies.
A resident of Startup Garage, Bito is building a digital ecosystem for small and medium-sized businesses by integrating ERP, FinTech, and AI products into a single operational platform. The system unifies key processes such as sales, finance, warehouse management, HR, payments, installment services, and analytics. This integrated approach helps companies streamline operations, improve transparency, and make data-driven decisions — enabling Bito to rapidly gain traction in the Uzbek market.
The Bridge round marks a significant milestone for Bito: the company tripled its valuation over the past eight months, closing the round at a $10 million valuation. While the investment amount remains undisclosed, the new capital will support the company’s next growth phase and its regional expansion strategy.
As part of the deal, Startup Garage — one of the region’s leading venture studios — sold a portion of its stake in Bito. The startup previously went through Startup Garage’s acceleration program, where it received support in early product development, go-to-market strategy, and initial scaling.
Muhammad Khalil, founder of Startup Garage, commented on the deal:
“This cross-border transaction demonstrates the growing maturity of the Central Asian startup ecosystem. Bito’s increased valuation is the result of disciplined execution and building a product that responds to real market demand.”
Uchqun Tulavov, founder of Bito, added:
“We are not simply developing a product — we are setting a new standard for digital infrastructure for small and medium-sized businesses in the region. Support from MOST Ventures confirms that Bito is moving in the right direction by unifying ERP, FinTech and AI into a single operational platform.”
Following the Bridge round, Bito plans to accelerate its growth in Uzbekistan and Kazakhstan, further strengthening its position as a regional B2B SaaS provider. For Startup Garage, this partial exit aligns with its portfolio strategy: building high-potential startups, guiding them from early stages to institutional investment, and realizing liquidity events while maintaining long-term ecosystem impact.
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