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January 22, 2018 03:15 pm GMT

Uber rival Cabify raised $160M at a $1.4B valuation amid restructuring and CEO change

Cabify, the Madrid-based startup that competes with the likes of Uber and 99 in Latin America as well as Spain and Portugal, has closed out another round of funding as competition continues to heat up in the on-demand transportation sector. Cabify’s parent company Maxi Mobility has raised $160 million at a valuation of $1.4 billion, the company confirmed to TechCrunch today. But… Read More

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/JyQ_JMnWlNk/

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TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.

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