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VNV Global: Updates on portfolio companies BlaBlaCar and Gett - SEB

VNV’s largest holding BlaBlaCar has closed a EUR 100m revolving credit facility, according to company. While no valuation is provided, the press release confirms that BlaBlaCar posted revenues of EUR 253m in 2023, growing +29% y/y while being EBITDA-positive. BlaBlaCar is currently ramping up monetisation in its growth markets outside of France, alongside solid volume growth of +23% y/y in the number of passengers booking rides in 2023.

VNV’s largest holding BlaBlaCar has closed a EUR 100m revolving credit facility, according to company. While no valuation is provided, the press release confirms that BlaBlaCar posted revenues of EUR 253m in 2023, growing +29% y/y while being EBITDA-positive. BlaBlaCar is currently ramping up monetisation in its growth markets outside of France, alongside solid volume growth of +23% y/y in the number of passengers booking rides in 2023.
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