French Startup BlaBlaCar Raises $100 million

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French ridesharing startup BlaBlaCar closed a $100 million round of funding Wednesday — making it one of the most well-funded French startups ever, according to The Wall Street Journal .

The investors include both European and American companies, including Index Ventures, which has also invested in Dropbox and King Digital.

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BlaBlaCar first launched its ridesharing service in 2006. It allows drivers who are traveling between cities to offer seats in their car to others who need a ride

Unlike with Uber or Lyft, drivers don't profit from the rides they offer. Instead, drivers use the service to offset the cost of the trip while users tend to pay less for rides than they would when taking public transportation. Read more...

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from MashableKarissa Bell