Cabify risks losing fleet supremacy to Uber in home base Madrid

FILE PHOTO: A Cabify taxi car is seen through the window of a car in Malaga, southern Spain August 3, 2018. REUTERS/Jon Nazca

MADRID (Reuters) - The ride-hailing app Cabify, one of Spain's few 'unicorn' tech startups, risks losing ground to foreign rivals such as Uber or Bolt in its home base Madrid due to a row over exclusivity with a company which employs 1,100 of its drivers.

Entrepreneur Felix Ruiz, co-founder of the privately-held firm Auro which owns the cars and licences and employs the drivers, told Reuters Auro had decided to switch them to either Uber or Bolt or both from Jan. 20.