• Safi Bello

Lyft valued at $7.5 billion in new funding round: source

Reuters --------- Ride services company Lyft Inc has nearly completed a funding round of at least $500 million, valuing the company at $7.5 billion, according to a source close to the company. San Francisco-based Lyft has been in fundraising mode for some time as it spends heavily to compete with its much bigger rival Uber Technologies Inc [UBER.UL]. The $7.5 billion valuation marks a sharp increase from the $5.5 billion valuation at Lyft's last financing more than a year ago. To learn more click on the picture below to read the article.

Lyft valued at $7.5 billion in new funding round: source - Read More from Reuters

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