With all of the negative press about Uber, the tides are turning for its competitor Lyft.
The ridesharing alternative shared its news of recent funding that significantly gives a boost to its total valuation.
Here are the numbers:
$500 million | Funding amount Lyft is closing in on raising
$7.5 billion | Projected Lyft valuation following this funding announcement
$1 billion | Funding Lyft raised in January 2016
$5.5 billion | Lyft’s valuation after January 2016 funding
50 percent | Amount Lyft’s operations have expanded in the past three months