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January 5, 2024

Cabify losses increased 14x in 2022 in Spain, but revenues also grew

The growth in Cabify’s losses and revenues comes as the startup boosts its investment in the Spanish market

Cabify, the Spanish ride-hailing app, reported losses worth €4.9m in 2022 in the Spanish market, in comparison to €346k the previous year.

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Cristina Gallardo

Cristina Gallardo was a senior reporter at Sifted based in Madrid and Barcelona. She covered Europe's tech sovereignty, deeptech and Iberia. Follow her on X and LinkedIn

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