Startups like Glovo and Spotahome topped fundings raised in 2018 despite local regulatory risks, as Spanish tech firms conquer overseas markets
Startups in Spain’s sharing and gig economies have been increasingly embroiled in regulatory tugs-of-war. This has so far culminated in a new law in Barcelona this February, aimed to severely cap the operations of on-demand ride-hailing services in the second-largest Spanish city. A month later another new law, this time in the capital of Madrid, has targeted the booming holiday rentals sector.
After protracted demonstrations by licensed taxi drivers demanding curbs on ride-hailing services, locally known as VTCs, Barcelona authorities have ensured that these on-demand transport...
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