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Mexican unicorn Kavak raises a $485M Series D at a $4B valuation.

Kavak, the Mexican startup that’s disrupted the used car market in Mexico and Argentina, today announced its Series D of $485 million, which now values the company at $4 billion. This round more than triples their previous valuation of $1.15 billion, which established them as a unicorn just a couple of months ago in October of 2020. Kavak is now one of the top five highest-valued startups in Latin America. The round was led by D1 Capital Partners, Founders Fund, Ribbit, and BOND, and brings K...
Tags: Startups, Transportation, Ecommerce, Apps, Mexico, Finance, Funding, Articles, Tech, Colombia, Automotive, Used Cars, Brazil, Argentina, Online Marketplace, Logistics


In-car commerce startup Cargo extends Uber partnership to Brazil

Cargo, the startup that brings the convenience store into ride-hailing vehicles, is making its first international expansion through an exclusive partnership with Uber in Brazil. Uber drivers in São Paulo and Rio de Janeiro will now be able to sign up for Cargo and potentially earn additional income by products to passengers during their ride. Cargo, which launched in 2017, provides qualified ridesharing drivers with free boxes filled with the kinds of goods you might find in a convenience...
Tags: Transportation, Uber, Tech, Automotive, Zynga, Twitch, Mark Pincus, Founders Fund, Cargo, David Stern, Coatue Management, Colin Carrier


Peter Thiel isn’t so sure self-driving tech is a good investment

 Billionaire investor Peter Thiel doesn’t like investing in trends, he’s fond of saying. It’s a mantra he repeated this week at the Future Investment Initiative, an investment forum in Riyadh, Saudi Arabia, where he took the stage with journalist Maria Bartiromo. Asked about where he’s investing, he noted that he’s looking outside of Silicon Valley largely, but… Read More
Tags: TC, Transportation, Lyft, Tech, Automotive, Venture Capital, Peter Thiel, Silicon Valley, Founders Fund, Maria Bartiromo, Riyadh Saudi Arabia



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