Lyft valuation hits $15 billion with boost from Fidelity

Lyft Inc. got a vote of confidence from investors in the form of $600 million and a markedly higher share price.

The funding round, led by existing backer Fidelity Investments, boosts the company’s valuation to $15.1 billion, a Lyft spokeswoman said. That doubles the value of Lyft compared with...

from Technology - Los Angeles Times https://ift.tt/2KurpWL