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Uber rival Lyft raises $500 mn at $7.5 bn valuation: Report

Uber rival Lyft raises $500 mn at $7.5 bn valuation: Report

Saturday, April 8, 2017, 4:58 PM

American taxi-hailing startup and Uber competitor Lyft has reportedly raised over $500 million in a new round of funding which values the company at $7.5 billion. Lyft was last valued at $5.5 billion in 2015, according to CB Insights. Lyft previously received $500 million in funding from General Motors and the two have partnered to pilot a self-driving service.
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