Lyft starts Canada service in first international foray

(Reuters) – U.S. ride-hailing firm Lyft Inc on Tuesday launched its service in Toronto, the first international market for the rival of much larger Uber Technologies Inc [UBER.UL].

FILE PHOTO: An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, U.S. September 21, 2017. REUTERS/Chris Helgren/File Phot

Lyft is moving outside the United States as Uber faces investigations by governments around the world over its cover up of a massive 2016 data breach.

Lyft raised $1 billion in October, in a financing round led by CapitalG, the growth investment fund of Alphabet Inc and in September hired an initial public offering advisory firm.

Reporting by Alastair Sharp in Toronto; Editing by Jim Finkle and Susan Thomas

Leave a Reply

Your email address will not be published.