Lyft Raises $250M For Ridesharing

San Francisco-based ridesharing service Lyft said this morning that it has raised $250M, in a round of funding to help expand the service both in the United States and internationally. The funding came from Andreessen Horowitz, Founders Fund and Mayfield, along with new investors Coatue and Alibaba. Lyft provides smartphone driven, ridesharing services, and competes head to head with Uber. More information »