Lyft secures $530 mn to take on Uber
Washington (AFP) March 12, 2015 - Lyft has upped the stakes in its ambitious drive to take on Uber, saying Thursday it raised $530 million in a funding round led by Japanese ecommerce giant Rakuten to fuel expansion in the US and abroad. The latest investments peg the value of Lyft at $2.5 billion, media reports said, making it a significant but smaller ride-sharing rival to the globally oriented Uber, valued at $41 billion. ... more
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