KKR among Lyft investors at $7.5b valuation for startup

KKR among Lyft investors at $7.5b valuation for startup

A smartphone app for Lyft drivers is seen during a photo opportunity in San Francisco, California February 3, 2016. REUTERS/Stephen Lam

Lyft Inc., the San Francisco-based ride-hailing company, said it has closed a $600 million round of financing, valuing the company at $7.5 billion. New Lyft investors include private equity firm KKR & Co., asset management firms Baillie Gifford and AllianceBernstein LP and the Canadian pension fund PSP Investments, the company told Bloomberg News.

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