Lyft Said to Seek $500 Million in Funding


John Zimmer of Lyft in New York in September to announce a deal with the Chinese ride service Didi Kuadi.CreditStephen Yang for The New York Times

Even as questions swirl over the fund-raising environment for hot young start-ups, the ride-hailing sector is barreling into new funding talks at top speed.

Lyft, the ride-hailing start-up, is seeking to raise new capital, four people briefed on the round said, as Uber, its larger rival, also ramps up conversations with investors about another private fund-raising.

Lyft, which is based in San Francisco, is seeking about $500 million at a valuation of approximately $4 billion, said the people, who spoke on the condition of anonymity. That’s up from the company’s current valuation of about $2.5 billion. The figures are still in flux and may change as fund-raising talks continue, the people said…

Lyft Said to Seek $500 Million in Funding

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