BlaBlaCar Raises €100 Million Credit for Deals as IPO on Hold

BlaBlaCar, the Paris-based online car-pooling service, has raised a €100 million ($108 million) credit line so it can buy other firms and grow larger before going public.

The company reached its first full year of profitability in 2023 after a “pretty rough” pandemic, according to Chief Executive Officer Nicolas Brusson. Net sales grew 29% last year and the company said 80 million passengers booked travel through its app.

Just before Covid-19 hit, Brusson was talking up a public listing within the next few years. Not anymore. “We’re not in a process to do an IPO and I don’t ...