Uber rival Lyft lost over ₹4,000 crore last year: Report
Lyft, the second largest ride-hailing startup in the US behind Uber, lost about ₹4,000 crore ($600 million) last year, according to reports. However, Lyft's revenue increased 250% and it generated about ₹4,770 crore ($700 million) in sales, the report added. According to Uber's first three quarters of 2016, Uber was on track to lose about ₹20,450 crore ($3 billion) globally.