Lyft Gets $500 Million in New Funding as Its Rival Uber Wobbles
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A Lyft sign on a driver’s dashboard in San Francisco. The ride-hailing company has secured up to $500 million in a new round of funding. CreditJosh Edelson/Associated Press for Lyft
SAN FRANCISCO — For years, Lyft has trailed its larger rival Uber in the battle to conquer the ride-hailing market. More recently, Lyft has gotten a boost.
The smaller ride-hailing company has secured up to $500 million in a new round of funding that values Lyft at $6.9 billion before the addition of new capital, according to two people briefed on the discussions, who asked to remain anonymous because the details were confidential. The privately held company may raise an additional $100 million, these people said…
Lyft Gets $500 Million in New Funding as Its Rival Uber Wobbles
