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European BlaBlaCar valued at $1.2 Billion

BlaBlaCar is a smart and popular European startup that is making city-to-city travel affordable and comfortable, even last minute. BlaBlaCar allows you to share city-to-city car journeys with great people

BlaBlaCar is a smart and popular European startup that is making city-to-city travel affordable and comfortable, even last minute. BlaBlaCar allows you to share city-to-city car journeys with great people, through sharing them with co-travelers.

Latest news from TechCrunch confirms that BlaBlaCar closed an investment round of 160 million $ led by Insight Venture Partners, at a valuation of $1.2 billion. The latest round comes just over a year after BlaBlaCar raised $100 million to fuel its expansion outside of Europe, where it has become hugely popular. BlaBlaCar is available in 17 countries, including in non-European countries, such as India and Mexico. and has over 8 million members.

BlaBlaCar focuses on ride-sharing over longer distances between cities in a non-profit concept, rather than local short-haul rides like Uber and Lyft.

According to VentureBeat the company has no plans to expand to US yet, but the new investment round might change things.