Lyft Says, It Has Raised $15.1 Billion in New Funding Round

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On Tuesday, United States smartphone-summoned ride service Lyft has announced that it is raising $600 million in a funding that values the Uber competitor at $15.1 billion. The ride-hailing company which became known for the large pink furry mustaches drivers attached to the front of their cars. The company has been its valuation in the aftermath of scandals that vexed ride-hailing market rival Uber.

Lyft and Uber are the richest among the Silicon Valley which has not yet hit the stock market. Lyft has been recently expanded to the Toronto along with other cities in the Canadian province of Ontario.

The ride-hailing company, Uber a month ago said that its income revved in the principal quarter of 2018, in any case, the esteem moved to $62 billion out of another financing round.

According to the information of the source, last year Uber hired Dara Khosrowshahi to replace ousted chief Travis Kalanick. Apart from all these things, the new investment would give Lyft a bit more latitude to control a public offering.

When it comes to public appearance the Uber operates around the globe, however, it has retreated from Russia, China, Southeast Asia after the loss of billions competing with other competitors.

Apart from the jump of $15.1 billion, Lyft also allow Los Angeles and Las Vegas users to ride around town in Melanie “Melrose” Rosen’s stretch limo seen in Season 1 of the show about female wrestlers., however, the company released the short teaser of the experience to give riders an idea of what to expect if they’re lucky enough to score a ride.