• France's news in English

BlaBlaCar zooms into startup record books

Oliver Gee · 17 Sep 2015, 09:29

Published: 17 Sep 2015 09:29 GMT+02:00

Facebook Twitter Google+ reddit
BlaBlaCar,  a Paris-based app that allows motorists and passengers to meet and share a car journey, saving both the driver and the passenger expenses, has become the toast of the French start-up scene.
The French group reported a $200 million investment on Wednesday, enough to send it soaring into the company of the "start-up unicorns" - that is start-ups valued at more than $1 billion, based on fundraising. 
After announcing the massive investment on Wednesday BlaBlaCar said it was now valued at €1.4 billion ($1.6 billion).
Becoming a start-up unicorn is no mean feat, although it is becoming more common. 
Fortune magazine noted that there are only 138 start-up unicorns in the world, but this figure has shot up from just 80 in January. 
Economy Minister Emmanuel Macron took to Twitter to congratulate the company, welcoming them to "the big time". 
BlaBlaCar’s founder and CEO, Frédéric Mazzella, said in a statement: “It has been exhilarating to see our vision resonate with so many people globally, as BlaBlaCar’s community has rapidly scaled and flourished in every new market. We’ve built a unique activity based on the values of true sharing, and this funding will help unleash even more of its potential over the coming years.”
Nicolas Brusson, the co-founder of Blablacar, told the magazine that the company, now worth €1.4 billion ($1.6 billion), would be looking at using the investment to spread globally.
"In Europe, we’ve been deploying a new way to travel," he said. 
Story continues below…
"It’s been in countries that always have numerous options; they have rail, bus, even their own car, there have always been other solutions. In India and Russia, and to some extent in Turkey and Mexico, the infrastructure is quite insufficient."
BlaBlaCar has around 20 million members across 19 countries, mainly in Europe but also in India and Mexico. 

(Founder of BlaBlaCar Frederic Mazzella. Photo: AFP)
Facebook Twitter Google+ reddit

Your comments about this article

Today's headlines
Calais migrants given mixed reception in French towns
Photo: AFP

Some in France have shown solidarity with their new guests, while others have made it clear they are not welcome.

Lonely Planet says Bordeaux is world's best city to visit
The fantastic new Bordeaux wine museum. Photo: AFP

After The Local France, the Lonely Planet has followed suit by urging everyone to head to Bordeaux in 2017.

Jungle shacks set ablaze and torn down as camp razed
All photos: AFP

IN PICTURES: The razing of the Jungle has finally begun.

Frenchwoman finds WW1 grenade among her spuds
Photo: AFP

It could have been a very explosive family dinner.

Refugee crisis
What rights to a future in France for Calais migrants?
Photo: AFP

What does the future hold for the migrants of the Jungle? Can they work or claim social benefits or travel freely inside Europe?

Pampers nappies 'contain carcinogenics': French study
Photo: Robert Valencia/Flick

The substances in the nappies are meant to prevent skin irritation but are cancerous, the study concludes.

France to scrap special prison wings for dangerous jihadists
Photo: AFP

The experiment has been ditched.

Myth busting: Half of French adults are now overweight
A model at the Pulp Fiction fashion show in Paris that represents society's diverse spectrum . Photo: AFP

Hold on, aren't the French all meant to be finely toned specimens with not an ounce of fat on them?

France poised to send bulldozers into Calais Jungle
Photo: AFP

As hundreds of migrants leave, the bulldozers are set to tear down the sprawling Calais shanty town on Tuesday.

UK to spend €40 million on securing Calais border
Photo: AFP

Britain spending big on security in Calais.

The annoying questions only a half French, half Brit can answer
Sponsored Article
Last chance to vote absentee in the US elections
Forget Brangelina's chateau - here are nine others you've got to see
The must-see French films of the millennium - Part One
How life for expats in France has changed over the years
Why Toulouse is THE place to be in France right now
Video: New homage to Paris shows the 'real side' of city
The 'most dangerous' animals you can find in France
Swap London fogs for Paris frogs: France woos the Brits
Anger after presenter kisses woman's breasts on live TV
Is France finally set for a cold winter this year?
IN PICS: The story of the 'ghost Metro stations' of Paris
How to make France's 'most-loved' dish: Magret de Canard
Welcome to the flipside: 'I'm not living the dream in France'
Do the French really still eat frogs' legs?
French 'delicacies' foreigners really find hard to stomach
French are the 'world's most pessimistic' about the future
Why the French should not be gloomy about the future
This is the most useful French lesson you will ever have. How to get angry
Why is there a giant clitoris in a field in southern France?
French pastry wars: Pain au chocolat versus chocolatine
Countdown: The ten dishes the French love the most
Expats or immigrants in France: Is there a difference?
How the French reinvented dozens of English words
jobs available