Ride-hailing service Lyft Inc. reportedly has raised $500 million in a funding round that valued it at nearly $7 billion as the company attempts to claim more market share as its largest rival, Uber, falters.
The Wall Street Journal, Financial Times and Re/code all cited unnamed sources about the funding in stories posted on Thursday.
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The Journal placed the valuation at $7.5 billion, including the money raised. Re/code cited…