Lyft Is Raising Another Huge Pile of Money for Its Battle With Uber
The additional funding round, led by Alphabet Inc’s CapitalG, is an extension of the $1 billion round announced in October.
Lyft spokesman Adrian Durbin, confirming the funding round, in an e-mailed statement said, “Increasing the potential for this round will allow us to further accelerate our commitment to serving passengers and drivers.”
In October Lyft had said that the previous round of funding boosted its valuation to $11 billion from $7.5 billion. The fresh funding would raise its valuation to $11.5 billion.