IT Park Ventures invested in Uzbek startup DOMO
IT Park Ventures has invested in DOMO, a digital utility payment service used by over 2.3 million people.
IT Park Ventures has invested in Uzbek startup DOMO.
IT Park Ventures announced an investment in the Uzbek startup DOMO, a digital utility payment and management service. The deal was announced at the Silk Road Finance & Technology Forum.
DOMO integrates all utility payments into a single digital system. Users can pay for services, track consumption and expenses, connect multiple properties, and set up automatic payments. The platform also provides tools for consumption analysis and expense management.
According to the company, DOMO currently has over 2.3 million registered users. The service has 1.5 million monthly active users, and approximately 700,000 daily active users.
DOMO plans to use the investment for further product development and business scaling. Specifically, the funds will be used to expand its geographic presence, develop its sales and partner network, market, and strengthen its team and IT infrastructure.
IT Park Ventures Director Dalerkhon Nodirov noted DOMO's technological foundation and the startup's potential for scalability.
"We value DOMO's high-quality technological foundation and potential for scalability. The team is currently actively exploring the HomeTech sector—a large and promising area with plenty of room for useful solutions. We believe in the team and hope that our partnership will help them move forward even more confidently," said Nodirov.
DOMO founder Alisher Tozhiev stated that collaboration with IT Park Ventures will allow the company to make the service faster, more convenient, and more accessible to more users.
"DOMO simplifies utility payments for thousands of families every day. Partnership with IT Park Ventures will make the service faster, more convenient, and more accessible to more users. This investment not only opens new opportunities for us but also increases our responsibility," noted Tozhiev.
IT Park Ventures reported that the deal is yet another result of the fund's investment activities and its work with technology projects in Uzbekistan.