Deals
Lyft Raises $530 Million Amid Competition With Uber
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Lyft Inc. raised $530 million from investors including Japanese online shopping company Rakuten Inc. as the U.S. ride-sharing service seeks to expand and compete better with Uber Technologies Inc.
Rakuten agreed to invest $300 million and will acquire a 11.9 percent stake in the San Francisco-based on-demand car service provider, the Tokyo based company said in a statement on Thursday.