Ride-hailing company Lyft, rival of Uber, has recently secured $500 million from funding that now values the Lyft at $6.9 billion. While it is not clear who the investors are, venture capital firm Andreessen Horowitz and Chinese e-commerce company Alibaba had financed Lyft in a previous round.
The company is using the tailwind it is getting from the negative publicity Uber has been receiving recently because of various scandals.
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