InvestmentsTop Global NewsMarketsReal Estate SoftBank-backed used-car startup Kavak becomes first Mexican unicorn By financialnews_rlv83x - October 1, 2020 0 83 SoftBank-backed used-car platform Kavak has become Mexico’s first tech “unicorn” after reaching a US$1.15 billion valuation in its latest funding round last month, Chief Executive Carlos Garcia told Reuters.