US-based ride-sharing app Lyft raises US$530 million*in Series E round led by Japanese e-Commerce firm Rakuten Rakuten invested US $300 million in exchange for 11.9 per cent equity in Lyft Lyft previously raised US$250 million in Series D, now valued at US$2.5 billion Funding will be used to deepen their*US*presence, continue*innovation efforts and investing in*Lyft...
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