Uber’s biggest rival has raised new funding and doubled in valuation to $15 billion

Ride-hailing firm Lyft announced that it raised $600 million (£459 million) in funding and that its valuation has shot up to $15.1 billion (£11.6 billion). In April 2017 Lyft was valued at $7.5 billion (£5.7 billion), meaning the company has more … Read More

Southeast Asia’s Grab lands $1B from Toyota at a $10B valuation

Grab,  the ride-hailing firm that acquired Uber’s Southeast Asia business earlier this year, is raising a new round of funding and it just announced that it will be led by Toyota, which is committing $1 billion in capital. The deal values … Read More

Uber’s raising up to $600M in a secondary round at $62B valuation, Q1 sales grew to $2.5B

Uber’s CEO is in Paris this week meeting with the French president to talk tech in Europe and expanding its insurance coverage in the region, but back in the U.S. the company is moving ahead on another kind of expansion. … Read More