Lyft steals a $1bn march on Uber courtesy of Alphabet

Ride-hailing app Lyft is set to mount a more vociferous challenge against tainted market leader Uber after it successfully raised $1bn in financing in a funding round led by CapitalG, Alphabet’s growth investment fund.
Following hot on the heels of a successful $600m funding round just six months ago the latest fundraiser leaves Lyft sitting pretty with a market valuation of $11bn, up from $7.5bn before.
Under the terms of the deal, CapitalG partner David Lawee will join Lyft&rsq