To create one of Europe’s largest car sharing networks with 20 million users across 18 markets, ride sharing service, BlaBlaCar has acquired its rivals German-based Carpooling.com and Hungary’s Autohop for an undisclosed amount. The acquisition of Carpooling will allow BlaBlaCar to increase its user number in Germany. Autohop deal gives its entry into four new countries - Hungary, Romania, Serbia and Croatia.
Carpooling will continue to operate under its current brand, but the longer term vision is to bring the company’s offerings together under the BlaBlaCar brand.
In recent months, BlaBlaCar has launched in Russia, Turkey and India. As per a Financial Times report, the combined entity will make BlaBlaCar the leading ride-sharing service in Europe, where it will control over 90% share of markets such as Germany, Spain and Italy.
BlaBlaCar acts an an online marketplace for people to arrange carpools between cities. It now has more than 20 million members in 18 markets across Europe and Asia. Earlier this year, the company launched in India and also plans to extend the service to Latin America sometime this year. Its global rival Tripda also entered India in November 2014.
The company had raised a funding of $100 million in July 2014 from venture capital groups including Index ventures.Category Business