Used-car startup Kavak to invest $180 mn to expand into 4 more countries

Mexican used-car startup Kavak is planning to invest $180 million to expand into four more countries, namely Colombia, Chile, Peru and Turkey. Kavak offers clients used cars online and through brick-and-mortar hubs. Turkey will be its first location outside Latin America. "The expansion is something the company needs to do, but we're doing it conservatively," CEO Carlos Garcia Ottati said.