Lyft starts Canada service in first international foray: Reuters

U.S. ride-hailing company Lyft Inc this week launched its service in Toronto, marking the first time it has taken its battle against the much larger Uber Technologies Inc outside of the United States, Reuters reported. Lyft presents itself as a friendlier version of Uber, which is facing investigations by governments around the world, including in Canada, over its cover up of a massive 2016 data breach. Lyft raised US$1 billion in October, in a financing round led by CapitalG, the growth investment fund of Alphabet Inc and in September hired an initial public offering advisory firm. Canadian investors in the company include Ontario Teachers’ Pension Plan and Public Sector Pension Investment Board.

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