Uber rival Lyft adds $500 mn to $1 bn funding round
US-based cab-hailing startup Lyft has added $500 million to the $1 billion funding round, which was led by Google parent company Alphabet's venture arm CapitalG in October. The financing round will bring Lyft's post-money valuation to $11.5 billion, the startup said. US-based Fidelity Management & Research Company and Canada-based Ontario Teachers' Pension Plan also participated in the round.