VC-backed French carpooling platform BlaBlaCar has raised an extra €101m and initiated exclusive talks to acquire Ouibus, a low-cost bus transportation service, from railway company SNCF.
Danish VC Heartcore Capital, UVC Partners and existing investor Picus Capital also take part
Deal is an extension of the $4.1m series-A funding round led by Blossom Capital in October 2019
Fresh capital will help the provider of cloud access services expand in western Europe
DBay has also negotiated a new revolving credit facility for the transport and logistics company