Cabify Overview
Pro stress-test →Cabify was founded in 2011 and was Spain's first Unicorn company. The company operates via a platform to connect customers and private drivers using a mobile app and website, taking a commission of around 20%. Cabify operates in Spain and Latin America (Colombia, Peru, Argentina, Chile and Uruguay).
Strategic Profile
Pro stress-test →Cabify offers three core classes of vehicles: Executive, Lite or Group (6 persons), serving corporate and private passengers, with corporate users being the strategic focus although private passengers account for most revenue. According to Cabify's 2024 financial results, the company generated approximately €759 million in total revenue and achieved a gross operating profit (EBITDA) of €34 million. The company emphasizes safety, quality service, and selective driver vetting as competitive differentiators.
Competitive Landscape
Pro stress-test →Cabify competes in a crowded ride-hailing market dominated by Uber and regional players. Competitors include Ola Electric Mobility, CleverShuttle, GroundScope, and Careem. Cabify's differentiation rests on selective driver quality, corporate focus, regional market strength, and multi-service offerings (rides, deliveries, group transport).
Industry Context
Cabify operates in Transportation Technology / Ride-Hailing & Mobility Services.
Key facts
Founded: 2011 · Headquarters: Madrid, Spain · Employees: 4,242 · Revenue: $858M (€759M, 2024)