Kavak Invests 130M in Middle East Used Car Market
Latin American unicorn Kavak is investing $130 million to enter the Middle Eastern used car market, starting with the UAE and Oman through a merger with local platform Carzaty. Kavak aims to reshape the Middle Eastern used car landscape through technological innovation and localized operations, providing consumers with a better buying and selling experience. The company plans to continue investing heavily over the next two years to build the largest used car business in the Gulf region.









