French ride-sharing-startup BlaBlaCar sees a 71% revenue growth in 2019

The French startup BlaBlaCar has declared that the firm’s revenue has increased by 71 percent in 2019 in comparison to the year 2018. The big difference between 2019 and 2018 is that the BlaBlaCar diversified its activity and operation by offering and serving bus rides as well as bus ticketing in some of the markets in the places.
The startup was founded in 2006 by Frederic Mazzella , Nicolas Brusson, Francis Nappez. The CEO of the firm is Frederic Mazzella since 2006 and the company holds its headquarters in Paris,France. BlaBlaCar is a French online marketplace for carpooling. Its website and mobile apps connect drivers and passengers willing to travel together between cities and share the cost of the journey. 
BlaBlaCar is still most commonly known for its long-distance ride-sharing marketplace. If one is going from one city to another, they can find a car with an empty seat and book a ride in that car instantly. Moreover, on the other side of the marketplace, if one plans on driving across the country, they can list their ride on the platform to find passengers so that they don’t have to pay for gas and highway tolls by themselves through their own pocket.
In the month of November 2018, the firm had acquired Ouibus to turn into a marketplace for road travel, whether it is by a bus or by a car. Ouibus is now known as BlaBlaBus. BlaBlaCar also offers a carpooling marketplace for bi-directional commutes between one’s home and their workplace called BlaBlaLines.
BlaBlaBus covers around 400 cities in Europe while BlaBlaLines has managed to attract the attention of 1.5 million users. The most focal point is that BlaBlaCar has built a huge community of people. Currently, the company  has 87 million users, with 17 million people signing up in 2019 alone. BlaBlaCar carried 70 million passengers across all its services during the year.
Also in France, the long-distance carpooling service reached a record of 135,000 passengers in a particular single day. 
Furthermore ,when it comes to the company itself, BlaBlaCar has recently hired a Chief Operating Officer, Béatrice Dumurgier. While BlaBlaCar faced some immense grapples a couple of years ago, the company presently plans to expand and execute its team again by doubling the size of its engineering team in 2020.

Authored by Farheen Malik, Content Developer (Startup Monk)

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