Ride sharing app operator Lyft has raised $250m in its latest venture capital round, while Alibaba makes yet another large investment.
US-based ride sharing company Lyft has secured $250m in a round supported by China-based e-commerce company Alibaba, according to a post on its company blog yesterday.
In addition to Alibaba, investors in the round included hedge fund sponsor Coatue Management, Third Point Ventures, which acts as a venture capital subsidiary of investment adviser Third Point, and existing backers Andreessen Horowitz, Founders Fund and Mayfield.
Founded in 2007 as Zimride, Lyft has reportedly now raised more than $332m, Andreessen Horowitz having…
