Monday, 10 March 2014

Lyft Raising $150 Million to Take on Uber

From Mashable

The race is on. Lyft, the pink-mustache-wearing, ride-sharing service that competes with Uber, is raising a $150 million round of funding.


The Series D round was revealed in a filing discovered Saturday by Re/code. Lyft had previously raised a total of $82 million.


See also: 10 Startups to Watch in 2014


The company has closed $80 million of that funding round, according to Re/code and The Wall Street Journal, with plans to raise another $70 million.


Both publications report that Lyft is now valued at $700 million. Reps for Lyft did not .. Read More



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