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BlaBlaCar receives 'record' new investment

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By Euronews
BlaBlaCar receives 'record' new investment

<p>The car-sharing group BlaBlaCar says it’s had $200 million (177 million euros) in new investment – said to be a record for a young French start-up.</p> <p>The Paris-based company has taken funding from venture capital firms in the US and Sweden.</p> <p>It reportedly becomes part of a privileged group of private tech start-ups valued at more than a billion dollars.</p> <p>BlaBlaCar pairs up motorists with passengers wanting to travel and is in the forefront of the sharing economy.</p> <p>It has been growing 100 percent each year in Europe – with 10 percent of the population in its home country of France said to have signed up.</p> <p>It has 20 million members and operates in 19 countries.</p>