Peru

After the exit from Peru and Colombia, the second-hand start-up Kavak is reorienting itself towards Mexico, according to its CEO

Used-car startup Kavak is refocusing its efforts on its home market, a senior executive said, following the company’s announcement that it would close its doors in Peru and Colombia. You have an explosion of expansion, and then you ruin a lot of things, “And then you fix them and you’re in a position to move into another phase of expansion,” Jaime Macaya, Kavak’s director for South America, said at a panel hosted through the Venture. Wollef Capital Fund on Wednesday night. “So I think right now we’re in that normalization phase,” he said, adding that the company is now looking to focus “a little bit more on Mexico, which is our main market. “

After the exit from Peru and Colombia, the second-hand start-up Kavak is reorienting itself towards Mexico, according to its CEO Read More »