Alphabet Leads Latest Lyft Funding Round as IPO Looms

Lyft Inc. said its recent funding round is growing 50 percent to $1.5 billion, giving the ride-hailing startup more financial firepower to compete with its larger, troubled rival Uber Technologies Inc. The round, led by Alphabet Inc.'s CapitalG investment unit, brings Lyft's valuation to $11.5 billion, after the new …
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