BlaBlaCar, a marketplace for city-to-city ridesharing, is acquiring its German competitor Carpooling.com, as well as Hungary-based competitor AutoHop. This is no surprise when you know the French company’s aggressive expansion strategy. While the terms of the deal are undisclosed, Carpooling.com definitely represents an important acquisition for the French company.
BlaBlaCar is a marketplace where you can find a driver who is driving from one city to another and book a seat in advance. Drivers can make a bit of money while riders can travel for cheap. It has the same business model as Airbnb — you pay or get money every time you ride or drive, and the company takes a 10 percent cut on average.
As a reminder, BlaBlaCar is one of the most promising French startups. It raised a massive $100 million round last summer to create a global long distance ride-sharing network.
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