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MEXICO CITY (Reuters) - SoftBank-backed used-car platform Kavak has become Mexico’s first tech “unicorn” after reaching a $1.15 billion valuation in its latest funding round last month, Chief Executive Carlos Garcia told Reuters. FILE PHOTO: A logo of used autos platform Kavak is pictured on a car in Mexico City, Mexico, August 25, 2020. REUTERS/Edgard Garrido. The Mexico City-based startup has raised over $400 million in total funding since its founding four years ago, with Japan’s SoftBank, Hong Kong’s DST Global and U.S.-based Greenoaks Capital leading the recent round, Garcia said in an interview on Wednesday. The company is SoftBank’s most recent Latin American investment to become ... Full story

1 October