Ride-hailing service Lyft Inc. has raised $500 million in a funding round that valued it at nearly $7 billion, a source close to the matter said this week, as the company attempts to claim more market share as its largest rival, Uber, falters.
The Financial Times first reported the funding, citing sources close to the deal.
Reports emerged in early March that Lyft was pitching investors on a funding round of $500 million that values it at between $6 billion and $7 billion, as it seeks to capitalize…