Lyft raises $1b in round led by Alphabet, valuation climbs to $11b

Lyft raises $1b in round led by Alphabet, valuation climbs to $11b

Source: Lyft website

Lyft Inc. raised $1 billion in a deal that values the ride-sharing startup at $11 billion, steps up competition with rival Uber Technologies Inc. and builds ties with internet giant Alphabet Inc.

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