The valuation of Kavak, a Mexico City-based online used car dealer and LATAM's most valuable startup, was cut by $6.5B to $2.2B in a $127M equity round in March (Michael O'Boyle/Bloomberg)

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Michael O'Boyle / Bloomberg:
The valuation of Kavak, a Mexico City-based online used car dealer and LATAM's most valuable startup, was cut by $6.5B to $2.2B in a $127M equity round in March  —  The valuation for Latin America's most valuable startup was cut, by $6.5 billion, to $2.2 billion in its most recent funding round.

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