Ride-hailing firm Lyft Inc said on Monday it would launch its service in Toronto, marking the first international expansion for the U.S.-based rival of Uber Technologies.
"Before you know it, Lyft will be coming to you live in Toronto," the company said in a blog post, without giving a launch date.
Lyft is crossing into Canada at a time when rival Uber has opted out of operating in Quebec, Canada's second-most populous province, to avoid following tough new regulations for drivers.
Lyft raised $1 billion in October, in a financing round led by CapitalG, the growth investment fund of Alphabet Inc, and had in September hired an initial public offering advisory firm.
(Reporting by Munsif Vengattil in Bengaluru; Editing by Arun Koyyur)
Lyft to drive into Canada in first international foray originally appeared on Autoblog on Mon, 13 Nov 2017 09:45:00 EST.