In addition to the $1bn series G round led by CapitalG, US-based ride hailing platform Lyft now puts another $500m into its coffers. This latest round comes to highlight the upward trends in the ride hailing and car sharing space.
The ride hailing platform is to raise $500m of additional capital to the $1bn it had raised from internet technology group Alphabet in October, through its Capital G investment vehicle. The news came after it was reported that Lyft would aim to enter Canada, its first international market. Unlike its largest rival Uber, which has long gone international, Lyft has so far operated on US territory only. Up until now, the company has raised an estimate $4.3bn in corporate-backed…
