Google's parent company just led a $1 billion investment into Lyft — valuing it at $11 billion (GOOG, GOOGL)
Business Insider -

Lyft just raised $1 billion in a funding round led by CapitalG, the investment arm of Alphabet.

Alphabet, Google's parent company, has forged a close relationship with Lyft. Waymo, Alphabet's self-driving-car company, has partnered with Lyft on the technology.

Lyft is now valued at $11 billion.

Lyft just secured $1 billion in a funding round led by Alphabet's investment arm, CapitalG, giving it a post-money valuation of $11 billion.

Lyft has been growing its cash cushion to take on Uber. The...

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