Lyft has teamed up with ecommerce giant Rakuten as the global taxi wars escalate further. This is a really interesting move for both groups as the global majors continue to place their bets on the various insurgents. Will the winner be the group that can best leverage it's strategic investors?
Lyft is getting a funding boost. The ride-sharing service announced late Wednesday that it has raised $530 million in a Series E funding round led by Rakuten, a Japanese ecommerce company, giving Lyft a valuation of about $2.5 billion.