MOST Ventures Acquires Stake in Uzbek SaaS Startup Bito, Valued at US$10 Million

Tashkent, Uzbekistan (UzDaily.com) — Kazakhstan-based venture fund MOST Ventures has acquired a stake in the Uzbek B2B SaaS company Bito as part of a bridge funding round, marking a cross-border technology transaction between the two countries.

Following the deal, Bito’s valuation reached USUS$10 million, reflecting growing regional investor interest in technology projects organically developed in the Uzbek market.

Bito, a resident of the Startup Garage venture studio, develops a digital business ecosystem for small and medium-sized enterprises, integrating ERP, FinTech, and AI-based solutions into a single operational platform.

The platform covers key processes — sales and finance, inventory and warehouse management, HR, payments, installments, and analytics — providing transparency and data-driven decision-making. This integrated approach has accelerated product adoption in the market and supported the company’s growth.

According to the company, Bito’s valuation tripled over ten months. The total amount of investment has not been disclosed; funds will be used to enhance the product and expand regionally. Startup Garage also participated in the deal, partially realizing its stake in the project.

Muhammad Khalil, founder of Startup Garage, described the transaction as a testament to the maturity of the Central Asian startup ecosystem: “This cross-border deal demonstrates that startups with strong fundamentals and organic growth can scale quickly and attract institutional capital. The increase in Bito’s valuation reflects disciplined work and real market demand.”

Bito founder Uchkоn Tulaev emphasized the strategic significance of the investment: “We are not just creating 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 the validity of our path and strengthens our strategy of unifying ERP, FinTech, and AI into a single operational platform.”

Following the completion of the funding round, Bito plans to accelerate expansion in the Uzbek and Kazakh markets, reinforcing its position as a regional B2B SaaS provider.

Startup Garage’s partial exit aligns with its portfolio strategy — supporting early-stage companies, enabling subsequent scaling, and executing structured exit deals while maintaining a contribution to ecosystem development.