Uber rival Lyft raises $500 mn at $7.5 bn valuation: Report
American taxi-hailing startup and Uber competitor Lyft has reportedly raised over $500 million in a new round of funding which values the company at $7.5 billion. Lyft was last valued at $5.5 billion in 2015, according to CB Insights. Lyft previously received $500 million in funding from General Motors and the two have partnered to pilot a self-driving service.