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Ride-sharing firm BlaBlaCar raises $200 million

  • Comuto SA, which owns ride-sharing service provider
    BlaBlaCar, has raised $200 million at a valuation of $1.6 billion in a Series D
    funding round from Insight Venture Partner, Lead Edge Capital and Vostok New
    Ventures.
  •  

    • Comuto SA, which owns ride-sharing service provider
      BlaBlaCar, has raised $200 million at a valuation of $1.6 billion in a Series D
      funding round from Insight Venture Partner, Lead Edge Capital and Vostok New
      Ventures.
    •  

    •  
    • BlaBlaCar, which started services in 2006 as an inter-city
      ride sharing service, had earlier raised more than $110 million in three
      rounds, the last being a $100 million round from Index Venture partners, Accel
      Partners and Lead Edge Capital in July last year.
    •  
    • The company entered India in January, while Ola and Uber
      were fighting it out in the intra-city online taxi aggregation market segment.
    •  
    • BlaBlaCar, however, facilitates long distance ride sharing,
      the most prevalent use case being car owners travelling between cities offering
      empty seats to another co-traveller. This enables the car owners to share the
      cost with co-passengers while a traveller who avails of the service gets to
      travel at a lesser price, as against availing of a public transport like a
      train or a bus.
    •  
    • BlaBlaCar charges the co-traveller a commission.
    •  
    • The company is present in 19 countries including France,
      Germany, Hungary, Italy, Russia, Spain, Turkey and the UK. India is its only
      presence among the Asian countries. The company claims to have 20 million
      riders globally.
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    • The India business has grown substantially in the last six
      months, and about 350,000 seats have been shared across 700 cities in these six
      months, said Raghav Gupta, country manager, BlaBlaCar.
    •  
    • Car pooling as a concept has not taken off in India.
      SoftBank-backed Ola is considering launching a similar service, but within city
      limits, while Meru Cabs has already launched one earlier this month. A number
      of ride-sharing services such as Ridingo, Taxeeta, sRide and CarEgiri have come
      up recently, but no one has been successful in scaling up the business.

     

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