The ride ordering company has confirmed a $1bn round featuring General Motors, which invested $500m, Rakuten, Alibaba and Didi Kuaidi.
US-based ride ordering service Lyft has confirmed it is closing a $1bn funding round led by carmaker General Motors, which is investing $500m in connection with a strategic partnership.
The round, which will be closed at a $5.5bn post-money valuation, also featured e-commerce companies Alibaba and Rakuten, Chinese ride hailing company Didi Kuaidi and investment management firm Janus Capital Management.
Saudi Arabia-based investment holding company Kingdom Holding, reported by the Wall Street Journal last month to be investing $248m, has…
