Kavak Stock

kavak.comConsumer & Lifestyle / E-commerceFounded: 2016

Kavak is an online e-commerce platform giving users from Latin America the opportunity to purchase and sell pre-owned cars and aiming to bring transparency, security and access to financing to the used car market with over 15,000 certified and guaranteed cars. Founded in 2016 by Carlos Garcia and Roger Laughlin and headquartered in Mexico City, Mexico, Kavak additionally offers its own financing through its fintech arm, Kavak Capital.

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Kavak investors also invested in these private companies

D1 Capital Partners
Olam Capital
Spectra Investments
Spruce House Investment Management
A* Capital
SoftBank Latin America Fund
Tresalia Capital


Management Team

Roger Carvallo
Co-Founder & Chief Executive Officer, Brazil
Carlos Julio Ottati
Co-Founder & Chief Executive Officer, México
Moises Botello
Chief Financial Officer
Keri Gohman
Chief Operating Officer
Fernando Scasserra
Chief Technology Officer
Nicolas Talice
Chief Marketing Officer & Chief Growth Officer
Ricardo Sue Ochoa
Chief Expansion Officer
Anthony Sadoun
Chief Product Officer
Loreanne Garcia
Co-Founder & Chief People Officer

Board Members

Nicolas Berman

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News Highlights

After Peru and Colombia exit, used-car startup Kavak refocuses on Mexico, exec says
Used-car startup Kavak is refocusing on its home market in Mexico following the announcement that it will indefinitely pause operations in Peru and Colombia due to the macroeconomic environment and outlook. The company, which was Mexico's first startup to reach a $1 billion valuation, is looking to improve profitability in other markets over the next three to four quarters.
Why Latin America’s biggest unicorn has entered an age of reckoning
Kavak, Latin America's highest-valued unicorn, is restructuring after a challenging period in the used car industry. The Mexican online marketplace, which operates in 10 countries, has shifted its focus from growth to profitability and customer experience. The company, which also offers car loans, is no longer seeking to expand into new markets, but rather maximise existing resources and invest in technologies to scale more efficiently.
Updated on: Jun 18, 2024


Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.