After reaching profitability, carpooling platform BlaBlaCar secures $108 million debt line

BlaBlaCar is an iconic name in the French startup ecosystem. The carpooling and bus ticketing company has been around for so long that it’s hard to consider it a startup anymore. Still, BlaBlaCar is an extremely interesting company today due to its unique trajectory. What started as a scrappy online hitchhiking community became a startup … Read more

E-bike firm Cowboy targets full-year profitability next year

The Cowboy Cruiser. Cowboy Cowboy, the Belgian electric bike maker, is expecting to hit full-year profitability in 2024 even as some of its market rivals are facing financial hardship. Adrien Roose, Cowboy’s CEO and co-founder, told CNBC that he expects the company to reach profitability on an EBITDA basis by the end of the second … Read more

Carousell says on track to profitability, set to reduce losses in 2023

Secondhand goods marketplace Carousell expects to “healthily” reduce its losses this year, putting it on track to profitability, the firm’s CEO told CNBC. “This year, we continue to expect revenue to grow healthily. And I think in a very promising sign, we actually are going to be healthily reducing our losses this year as well,” … Read more