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Lyft reportedly seeks $500 million in new funding

Mar 02, 2017 - VentureBeat

Mar 02, 2017( VentureBeat: http://venturebeat.com/ Delivered by Newstex) Lyft is reportedly in the process of fundraising a new round of capital, taking advantage of Uber's current internal crisis. It's reported that the on-demand ride hailing service is talking to potential investors about putting in at least $500 million at a valuation of between $6 billion and $7 billion.

A Lyft spokesperson declined to comment. First reported by The Wall Street Journal[1], the latest round of funding...