The new investment could help Lyft better compete with bigger rival Uber in the race to grab people seeking an alternative to traditional taxi service.
The ride-sevice underdog hopes for competitive advantage against Uber in a deal with nation's largest mobile phone carrier.
Leaked documents allegedly reveal the ride-hailing service estimates it rung up $130 million in revenue in 2014, but it's spending more than half of that on marketing.
Ever wondered what a map of your ride-sharing routes would look like? Or how about the amount of money you've spent on rides? This is for you.
The ride-hailing service will soon let passengers and drivers share more about themselves, such as their hometown and music tastes.
Facing two separate lawsuits, the companies must convince juries that their drivers aren't employees -- and don't merit insurance and other benefits.
Logan Green, the ride-hailing service's co-founder and CEO, discusses his company's vision and his larger competition at the South by Southwest festival.
The round was led by Japan-based e-commerce giant Rakuten. Lyft says it'll use the cash to expand its operation in the US, among other things.
Ride-sharing startup in talks to raise $250 million, and maybe as much as $500 million, the New York Times reports.
The ride-for-hire service's move into New York City has been put on hold. But the company says a restraining order wasn't the reason.