MEXICO CITY: SoftBank-backed used-car platform Kavak has become Mexico’s first tech “unicorn” after reaching a US$1.15bil valuation in its latest funding round last month, chief executive Carlos Garcia told Reuters.
The Mexico City-based startup has raised over US$400mil in total funding since its founding four years ago, with Japan’s SoftBank, Hong Kong’s DST Global and US-based Greenoaks Capital leading the recent round, Garcia said in an interview on Wednesday.
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