Marketplace

E-commerce

From MVP to Auto Market Leader: The Success Story of Karvi's Business Scalability

Karvi's outstanding digital product secured 16.6M USD in Series A funding, boosting car offerings by 400% and cutting monthly infrastructure costs by 40%, solidifying their leadership in the Latin American automotive market.

The project in a nutshell

Automotive Marketplace

Web & Mobile

Data Engineering

B2B / B2C / C2B

CRM Integration

Infrastructure Optimization

A woman sitting inside her new car. A salesman is giving her the car's keys.

The Challenge

As technology partners for Karvi, we participated seamlessly in their business process end-to-end, ensuring to make all steps of Karvi’s customer journey a reality.

In the first instance, the deployment systems were standardized to avoid manual processes, paving the way for a migration of the deployment technology. Afterwards, we worked in the core of the business, moving from a modular architecture to Domain-Driven Design, allowing flexibility to adapt to business changes.

How this partnership impacted Karvi’s business

$16.6M

raised in Series A

400%

increase in car offerings

$48,000

annual savings in monitoring

40%

cost reduction in infrastructure

Solution

As technology partners for Karvi, we participated seamlessly in their business process end-to-end, ensuring to make all steps of Karvi’s customer journey a reality.

Navigating Karvi's website on a mobile phone

Main aspects of the solution

Automotive marketplace

We scaled up Karvi’s main web portal that centralizes used cars from different dealers to offer to potential clients. Working as a marketplace, it lets buyers and sellers connect to make and finish a deal.

Audit Tool

We built an Audit Tool to assess the mechanical condition of used cars. This tool supports mechanics in assessing vehicles by allowing them to upload detailed information into the portal. Additionally, it integrates with 17 CRMs, efficiently managing listings as leads.

Value precision

The improvements we made in the platform allowed dealers to know about the mechanical condition of cars, having a more accurate estimated value for resales.

A screenshot from Karvi's backoffice app

Three different business models

Karvi works as a marketplace that manages car leads with three different business models:

· B2B: Audit Tool and web portal where dealers can see a car’s stock, condition, warranty, pictures, equipment, etc. This information is published in the web portal and replicated in external marketplaces.

· B2C: Used cars are audited to advise dealers and buyers about the mechanical condition of the vehicle (Certified Used Cars).

· C2B: Used cars of potential clients can participate in auctions among different dealers.

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Results

The new robust platform we built with Karvi allowed them to raise a Series A venture capital investment of USD 16.6M, which allowed them to keep growing and made them leaders in the auto market in Latin America.

We developed different platforms specifically tailored to Karvi’s three different business models. These platforms helped them grow their offerings from 500 cars to more than 2,500 cars in four years, which represented an increase of 400% in car offerings.

We optimized the use of resources for the operation, analyzing all the resources acquired in AWS. An immediate saving of 20% was achieved and we put together a plan to continue improving the use of resources in different stages, with the objective of reducing the cost per application by 40%. On this line, we made other improvements that allowed Karvi to lower their platform monitoring monthly costs from USD 4,500 to 500, saving USD 48,000 annually.

The project’s tech stack

Next.js

React Native

Node.js

Golang

AWS

MongoDB