Wednesday, November 18, 2015

Lyft In $500M Fundraising Effort, Says Report

San Francisco-based ride sharing service Lyft is looking to further help fund the company's fight to compete against Uber, and is seeking $500M in a new fundraising, according to a report. The report, from the New York Times, said the fundraising would value Lyft at $4 billion. Both Uber and Lyft are apparently in the midst of raising more funds to help them compete against each other--and many new competitors--in the on-demand, ride space.