Lyft plans to raise USD500 million in new funding round – report
Ride-hailing firm targets valuation of between USD6 billion and USD7 billion
Lyft is pitching investors to raise at least USD500 million in a new funding round, according to a report by The Wall Street Journal (WSJ) on 1 March, citing people familiar with the development. The US-based ride-hailing company is targeting valuation of between USD6 billion and USD7 billion, marginally higher than USD5.5 billion around a year ago, in its previous round of funding.
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