About Checkars
Checkars is a company based in Buenos Aires (Argentina) founded in 2018 by Jaime Macaya and Juan Cruz de la Rua was acquired by Kavak in September 2020.. Checkars has raised $125 thousand across 1 funding round from investors including Kavak and Y Combinator. Checkars operates in a competitive market with competitors including Kavak, TuCarro, Karvi, Auto Foco and AutoDrive, among others.
- Headquarter Buenos Aires, Argentina
- Founders Jaime Macaya, Juan Cruz de la Rua
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Software Development Team
28 people
Product Management Team
27 people
Data Analysis and Operations Team
14 people
Finance and Accounting
11 people
Human Resources and Administration
11 people
Legal and Compliance
8 people
Leadership Team
7 people
Operations Team
6 people
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Funding Insights of Checkars
Checkars has successfully raised a total of $125K through 1 strategic funding round. The most recent funding activity was a Seed round of $125 thousand completed in June 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $125,000
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First Round
First Round
(01 Jun 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2020 | Amount | Seed - Checkars | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Checkars
Checkars has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Kavak and Y Combinator. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Pre-owned cars are certified, inspected, and traded online via Kavak.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Checkars
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Checkars
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Checkars Comparisons
Competitors of Checkars
Checkars operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kavak, TuCarro, Karvi, Auto Foco and AutoDrive, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Pre-owned cars are certified, inspected, and traded online via Kavak.
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| domain | founded_year | HQ Location |
Automobiles and vehicles are listed online via TuCarro's classifieds portal.
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| domain | founded_year | HQ Location |
Used cars are facilitated through an online B2C marketplace.
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| domain | founded_year | HQ Location |
Online classifieds network for automobile sales and fintech services in Latin America.
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| domain | founded_year | HQ Location |
Sells and services Jeep and Ram vehicles at multiple locations in Argentina.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Checkars
When was Checkars founded?
Checkars was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Checkars located?
Checkars is headquartered in Buenos Aires, Argentina.
Who is the current CEO of Checkars?
Jaime Macaya is the current CEO of Checkars. They have also founded this company.
Is Checkars a funded company?
Checkars is a funded company, having raised a total of $125K across 1 funding round to date. The company's 1st funding round was a Seed of $125K, raised on Jun 01, 2020.
What does Checkars do?
Checkars was founded in 2018 in Buenos Aires, Argentina, as an online platform in the used car sector. Operations enable buyers to search inventory, request test drives, and access services such as insurance, finance, and inspections. Sellers can obtain quotes and view real-time market prices for their vehicles. The platform facilitates transactions in the secondary automotive market.
Who are the top competitors of Checkars?
Who are Checkars's investors?
Checkars has 2 investors. Key investors include Kavak, and Y Combinator.
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