The ride hailing platform would add the prospective capital to the $1bn series G round led by corporate investor CapitalG last month.
US-based ride hailing platform Lyft aims to add $500m of additional funding to the $1bn it raised from internet technology group Alphabet last month, Axios reported today, citing a regulatory filing.
Lyft operates an on-demand, app-based ride service that was responsible for its 500 millionth ride earlier this year, putting it second in the US ride hailing market, behind Uber. The company has reportedly approached bankers to explore an initial public offering in 2018.
Alphabet’s growth equity unit, CapitalG, agreed…
