Lyft's $105M fundraise is fit from a prince

San Francisco-based ride sharing service Lyft has more cash in its coffers to take on its rival Uber, after receiving a $104.9 million investment from a Saudi prince. According to the Wall Street Journal, Lyft will now give a 2.3 percent stake in the startup to Saudi Arabia's Prince Alwaleed bin Talal and his Kingdom Holding Co. The prince also has investments in Apple and Twitter via his investment company that has a market cap of $18 billion, TechCrunch reports. Lyft's new business partner was…

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Lyft's $105m Fundraise Is Fit From A Prince

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Lyft's $105m Fundraise Is Fit From A Prince

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