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Lyft Raises $530 Million in Funding to Battle Uber in the U.S.
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12.03.2015
Lyft is getting a funding boost. The ride-sharing service announced late Wednesday that it has raised $530 million in a Series E funding round led by Rakuten, a Japanese ecommerce company, giving Lyft a valuation of about $2.5 billion. With the additional funding, Lyft plans to double down on the U.S. market by expanding into new cities and investing more in Lyft Line, a carpooling option available in select regions.
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