Lyft starts Canada service in first international foray

Reuters News
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Posted: Dec 12, 2017 11:11 AM

(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].

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 <GOOGL.O> and in September hired an initial public offering advisory firm.

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