On-demand Ride-sharing Service Lyft Disrupting Taxi Industry
On-demand ride-sharing service Lyft is lifting off with a huge $60 million VC investment. Seeking to disrupt the traditional taxi cab industry, Lyft uses their mobile app to turn average commuters into a city-wide transport service. The investment comes after the company announced impressive growth figures with 30,000 rides given a week. According to TechCrunch, Lyft has more than doubled the number of rides given per week from 14,000 only 2 months ago. In total the start-up has amassed more than $83 million in investment since 2007. With their war chest of funds in place, Lyft plans to rapidly scale…
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