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September 8, 2015 09:47 am GMT

BlaBlaCar Is Raising $160 Million From Insight, Valuing Ride-Sharing Startup At $1.2 Billion

LONDON, ENGLAND - OCTOBER 21:  BlaBlaCar CEO Frederic Mazzella appears on stage at the 2014 TechCrunch Disrupt Europe/London, at The Old Billingsgate on October 21, 2014 in London, England.  (Photo by Anthony Harvey/Getty Images for TechCrunch) *** Local Caption *** Frederic MazzellaA little more than a year after announcing a $100 million mega-round, we’re hearing from multiple sources that long-distance ridesharing platform BlaBlaCar is in the process of raising another round with Insight Venture Partners. TechCrunch has learned that the French startup is raising $160 million at a post-money valuation of $1.2 billion. Read More

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/eBGSpfC7Qtg/

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