Lyft Reportedly Targeting $6 Billion Valuation With $500 Million Funding Round

“It’s been a little over a year since Lyft raised its $1 billion round from General Motors, but at the rate on-demand companies burn through capital, it never hurts to have more money in their coffers. The Information reported that the company lost $600 million last year after generating $700 million in revenue.”

There’s also the possibility, though, that Lyft may do an IPO. Rumors on that count have been swirling around for a while, but nothing solid has emerged as of yet.