| SAN FRANCISCO, April 11
SAN FRANCISCO, April 11 Ride services company
Lyft has raised $600 million in fresh funding, one of its
investors said on Tuesday.
Private equity firm KKR & Co said it had joined a
$600 million financing round, giving a sizeable financial boost
to San Francisco-based Lyft as it continues to compete fiercely
with rival Uber Technologies Inc.
Sources close to Lyft said last week the company was close
to completing a funding round that would value the firm at $7.5
billion, a sharp increase from the $5.5 billion valuation at
Lyft's last financing more than a year ago.
(Reporting by Heather Somerville; Editing by Tom Brown)