The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Register now!
Lyft, the San Francisco-based ride-hailing company, is said to be raising at least $250 million, potentially valuing it at $2 billion.
If published reports are true, Lyft would have substantial resources at its disposal as it attempts to take on Uber, the biggest company in the space. Uber, however, is valued at about $40 billion, based on recent investment.
The New York Post wrote today that Lyft was looking to raise $500 million. The New York Times, meanwhile, pegged the number at $250 million. Both said that the investment would value Lyft at $2 billion. We’re hearing it’s closer to the $250 million figure.
A Lyft spokesperson had no comment when reached by VentureBeat.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more