Spread the love

BlaBlaCar: profitability is there, room for expansion

© Blablacar

The success story continues for the startup BlaBlaCar, which reached unicorn status (a valuation greater than $1 billion) in 2015. Since then, the company, specializing in carpooling, has extended its activity to bus tickets and has conquered many markets. And recently, we learned that this French Tech star is already profitable.

A profitable activity since 2022

As BlaBlaCar is not listed on the stock exchange, it is not required to reveal its financial results every quarter. But, as an article from TechCrunch indicates, since the second quarter of 2022, the French company has been making profits. “[…] from the second quarter of 2022, we have been profitable. Then, in 2023, our turnover jumped to more than 250 million euros. We are therefore experiencing turnover growth of just under 30% and we are still profitable”, explains the co-founder and CEO of BlaBlaCar, Nicolas Brusson.

Additionally, the company’s international expansion can be considered a success. In 2023, 80 million people have booked trips, either by carpooling or by bus, on the platform. And it had more users in Brazil than in France. In the coming years, Nicolas Brusson also estimates that the company will have more users in India than in France.

100 million euros credit facility

In any case, BlaBlaCar continues to be very ambitious. The French company also announces new financing, via a revolving credit line of 100 million euros, from French, British and American banks. This new financing will serve as a war chest to support the growth of the company, which plans to make acquisitions of smaller start-ups.

More specifically, BlaBlaCar s is interested in small businesses lacking financing. Otherwise, regarding its activities, BlaBlaCar plans to offer train tickets on its platform, in addition to carpooling and bus tickets, on the European market.

  • The French unicorn BlaBlaCar announces that it has been profitable since the second quarter of 2022
  • To support its growth, the company now relies on a credit facility of 100 million euros, which should be used to make purchases
  • BlaBlaCar offers carpooling and bus tickets, but intends to expand its activities by also offering train tickets in Europe

📍 To not miss any news from Presse-citron, follow us on Google News and WhatsApp.

[ ]

Teilor Stone

By Teilor Stone

Teilor Stone has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining Thesaxon , Teilor Stone worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teilor@nizhtimes.com 1-800-268-7116