Kavak, the main Mexican innovation organization to surpass the $ 1 billion valuation, is setting up its debut in Chile. The startup, helped to establish via Carlos García Ottati, Loreanne García Ottati and Roger Laughlin, doesn’t yet have a particular date, yet insiders say it would be the principal half of 2022.
What is your business? The buy and offer of used cars through the web, an industry that increased with the pandemic.
They as of now have a presence in Mexico, Brazil and Argentina, so Chile would be the fourth country. Last September they settled a capital increment for 700 million dollars to proceed with their provincial development. At present Kavak’s valuation is $ 8.7 billion.
In South America the organization is driven by Jaime Macaya, CEO of Kavak Argentina. Inside, the choice to show up in Chile is dealt with under outright save. They would rather not advance anything, since, say specialists, “the market is extremely cutthroat.”
The overview of chiefs in Chile started roughly five months prior. Andrés Vizcarrondo, previous head of the Dafiti commercial center for Chile, Argentina and Colombia, drives the public activity. They additionally marked Francisca González, Rappi’s previous legal advisor.
As per LinkedIn, they are as yet searching for vital positions: public issues administrator and coordinations director are a portion of the accessible positions.
Furthermore, the “Kavak” brand is now enrolled with the National Institute of Industrial Property (Inapi). The interaction was done by the Carey study and was supported last August. In any case, business isn’t clear for the Mexican startup. Two public organizations are its immediate contest.
These are OLX Autos, a Chilean unicorn with a presence in the United States, India and Indonesia, and Checkeados, who were motivated by the model of the Aztec.
