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KAVAK is the online platform that offers an exceptional experience of buying and selling used cars in Mexico, with the best prices on the market and without leaving home.
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Can spacetech truly take off in Latin America?
Contxto – On October 9, 2020, the Mexican government took a break from its regularly scheduled Earth-bound matters to make an announcement that took many by surprise. Latin America was launching a unified regional Latin American and Caribbean Space Agency (ALCE, as it is known in Spanish). The landmark agreement was signed alongside Argentina, making […]
Latin America launches united regional space agency, ALCE
Contxto – Marcelo Ebrard, Mexico’s Secretary of External Relations, has just announced that his country signed a landmark agreement with Argentina to create the Latin American and Caribbean Space Agency (ALCE, the abbreviation of its name in Spanish). This is one large step for Latin America… and perhaps an even larger step for Latin American […]
Used car platform Kavak hits US$1.15B valuation. First-ever unicorn from Mexico
Contxto – Used car platform Kavak the pre-owned car giant announced it reached unicorn status yesterday (30). In an interview, the startup said it reached a US$1.15 billion valuation following an investment round it closed in September. The startup didn’t share how much the invested totaled for, only that Greenoaks Capital led it. In terms […]
Mexico is the go-to market for expanding Latin American startups
Today’s Soapbox opinion was written by Jia Li Tan, an Investment Professional at ALLVP. Contxto – On September 16, Mexicans around the world celebrate “Día de la Independencia”; the anniversary of the country’s independence from Spain. It is the day when the whole of Mexico celebrates and takes a day off work. It was on […]
LinkedIn’s 2020 top 10 startups to work for in Mexico
Contxto – Tech companies in Latin America compete not only to obtain a larger market share and investments. Attracting and retaining the best talent is also a key ingredient to success. And this week, LinkedIn published its ranking of top startups that people want to work at in Mexico. LinkedIn crunches through a lot of […]
Venezuela and its network of value-creating entrepreneur-migrants
Today’s Soapbox opinion was written by Eduardo Morrison, a corporate lawyer with banking experience, specialized in crypto and blockchain. Contxto – Due to its profound political and social crisis, Venezuela has seen an unprecedented migratory phenomenon in recent years. This massive outflow of people has resulted in the birth of a wave of entrepreneurs filled […]
A regional car retail beast is born! Mexico’s Kavak and Argentina’s Checkars merge
Contxto – Today (26), we witnessed the birth of Latin America’s largest used car retailer. In an announcement forwarded early to Contxto, we can now confirm that Kavak and Checkars are to fuse. Checkars, now to become Mexican Kavak’s Argentine subsidiary, will receive a US$10 million investment to expand the operation, hire 300 new employees, […]
HR startup Worky raises US$3 million with QED and LEAP Global
Contxto – Startup Worky has been working hard so HR departments work less. But it wants to take its all-in-one platform to the next level. That’s why it recently raised equity capital for US$3 million through QED Investors and LEAP Global Partners. “We’ll be using the funds to expand our tech and product team so […]
Latam Autos delists from stock exchange, raises US$3.5 million investment
Contxto – After delisting from the stock exchange in Australia, Latam Autos raised an investment for AUD$5.1 million (about US$3.5 million). The Mexico-based business told Contxto that its previous shareholders (now angel investors) and an undisclosed Australian fund pitched the money. That’s right, it’s an online classifieds portal with headquarters in Mexico, operations in five […]
Kavak sees a new market opportunity for used cars within Covid-19 context
Contxto – A global pandemic isn’t putting the brakes on Kavak, a platform for used cars. In fact, the Mexican startup has recently launched a series of products that address the current circumstances and turn them into promising opportunities. It even opened offices in Guadalajara, Mexico. Car sales on hold? It’s easy to assume that […]