Is Lyft Preparing To Sell?

Ridesharing firm Lyft has been getting ready to capitalize on investor desire to delve into transports and has been exploring raising additional funding or even selling itself to outside interests, Reuters has reported. The newswire said that the firm has been working with investment bank Qatalyst Partners, which is based in Silicon Valley. Reuters cited unnamed people familiar with the dialogue. The bank has been brought on board to explore capital raises and also a possible Lyft sale. The overall investment interest has been palpable, as firms have poured tens of billions of dollars into the transportation sector in the last decade to the tune of $38 billion.