Uber rival Lyft raises $600 million at $15.1 billion valuation
Cab-hailing startup Uber's US-based rival Lyft on Wednesday raised an additional $600 million in Series I financing round led by Fidelity Management & Research Company, taking its valuation to $15.1 billion. The startup's value has more than doubled in the past 14 months. Founded in 2012, Lyft has raised $5.1 billion since its inception.