Kavak

Kavak is an online used car marketplace operating in Latin America and Turkey. Founded in 2016, the company aims to simplify the process of buying and selling pre-owned vehicles through a digital-first approach. Kavak offers a platform where customers can both purchase used cars with a warranty and sell their own vehicles, often receiving a valuation and payment quickly.

The company's model typically involves sourcing used cars, reconditioning them to meet certain quality standards, and then selling them online. Kavak provides a transparent pricing system and offers various services such as financing options, home delivery, and a return policy. This approach seeks to build trust in a market where pre-owned vehicles can sometimes be associated with uncertainty.

Kavak has expanded its operations to several countries, including Mexico, Argentina, Brazil, Chile, Colombia, and Turkey. The company has attracted significant investment, reflecting investor confidence in its business model and its potential for growth in emerging markets. Its primary goal is to transform the used car industry by leveraging technology to provide a more convenient and reliable experience for consumers.