Lyft is out pitching to investors while competitor Uber surrounds itself in controversy.
The Wall Street Journal first reported that they are chatting about a $500 million round. We’re hearing that they are targeting a roughly $6 billion valuation, slightly above the $5.5 billion they were valued at in their last private round.
The timing makes sense given the failed sale process last year, and while its likely coincidental, it won’t hurt that Uber is in the midst of a never-ending PR nightmare. Lyft has often been branded as the underdog and the friendlier of the two companies.
It’s been
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source http://www.omnipopmag.com/2017/03/02/lyft-seeks-6-billion-valuation-in-funding-round/
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