Kavak, an automotive e-commerce platform headquartered in Mexico, was the most valued Latin American unicorn in May 2024, with a market capitalization value of around 8.7 billion U.S. dollars. The Colombian on-demand delivery platform, Rappi, made it second in the ranking, with a market value of 5.25 billion U.S. dollars. Founded in 2015, by 2020 Rappi operated in nine Latin American countries and had performed over 100 million orders.
A unicorn company is defined as a privately held company worth one billion U.S. dollars or more. Seven out of the 10 most valuable Latin American unicorn companies listed by the source were based in Brazil.
Leading unicorn companies based on market value in Latin America in 2024
(in billion U.S. dollars)
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CB Insights. (August 21, 2024). Leading unicorn companies based on market value in Latin America in 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 18, 2024, from https://www.statista.com/statistics/1028116/latin-america-unicorn-companies-market-value/
CB Insights. "Leading unicorn companies based on market value in Latin America in 2024 (in billion U.S. dollars)." Chart. August 21, 2024. Statista. Accessed December 18, 2024. https://www.statista.com/statistics/1028116/latin-america-unicorn-companies-market-value/
CB Insights. (2024). Leading unicorn companies based on market value in Latin America in 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 18, 2024. https://www.statista.com/statistics/1028116/latin-america-unicorn-companies-market-value/
CB Insights. "Leading Unicorn Companies Based on Market Value in Latin America in 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 21 Aug 2024, https://www.statista.com/statistics/1028116/latin-america-unicorn-companies-market-value/
CB Insights, Leading unicorn companies based on market value in Latin America in 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1028116/latin-america-unicorn-companies-market-value/ (last visited December 18, 2024)
Leading unicorn companies based on market value in Latin America in 2024 (in billion U.S. dollars) [Graph], CB Insights, August 21, 2024. [Online]. Available: https://www.statista.com/statistics/1028116/latin-america-unicorn-companies-market-value/
