Alphabet leads $1 billion funding in Uber rival Lyft
Google parent company Alphabet's venture arm CapitalG has led a $1 billion funding round in the US-based ride-hailing startup Lyft. The latest funding valued the ride-hailing service at $11 billion, the startup announced in an official blog post on Thursday. CapitalG partner David Lawee will be joining Lyft's board, as part of the deal.