<div>BlaBlaCar, the world’s largest long-distance ridesharing community, that entered the Indian market in January 2015, raised $200 million from Insight Venture Partners, Lead Edge Capital and Vostok New Ventures, in a series D investment round.</div><div> </div><div>BlaBlaCar is an inter-city ride sharing service that operates in as many as 19 countries. It has raised more than $110 million in the last three rounds and its existing investors include Index Venture partners, Accel Partners and Lead Edge Capital.</div><div> </div><div>Raised to meet the demand of accelerated growth in established markets and take-off in new markets, the round makes BlaBlaCar one of Europe’s most well-funded startups, with over $300 million in funding to date, as per a statement released by the company.</div><div> </div><div>With over 20 million registered members, BlaBlaCar has brought ridesharing to the mainstream, creating an affordable way to travel between cities that is entirely based on wasted car capacity – i.e. empty seats. The service connects people looking to travel long distances with car owners already going the same way, so both can save money by sharing the cost of their journey. This model has made BlaBlaCar a leader of the global sharing economy, and is helping to make road travel more efficient and affordable.</div><div> </div><div>“With this additional investment, we’ll be able to accelerate our growth in new and established markets, continuing to build the largest people-powered transport community in the world,” said Nicolas Brusson, BlaBlaCar’s co-founder and COO in a statement. “This financing is a significant step closer to transforming mobility on a global scale,” he added.</div><div> </div><div>BlaBlaCar was founded in 2006 by Frédéric Mazzella, CEO, Francis Nappez, CTO, and Nicolas Brusson, COO. Currently, BlaBlaCar operates in Benelux, Croatia, France, Germany, Hungary, India, Italy, Mexico, Poland, Portugal, Romania, Russia, Serbia, Spain, Turkey, Ukraine and the United Kingdom.</div>
