It has been reported that Lyft is gaining ground on arch-rival Uber, even though there is ample distance between the two app-based taxi companies.
Gross bookings at Lyft grew 25% in the second quarter compared with the first quarter this year, according to a person familiar with Lyft's financial results. That put Lyft's gross bookings for the quarter at just over $1 billion, the person said.
The company's drivers gave about the same number of rides in the first half of this year as in all of last year, according to the source. Lyft drivers gave about 162.6 million rides last year.
The San Francisco startup's growth far exceeded that of Uber in the most recent period. Gross bookings at Uber grew between 10% and the mid teens, percentage-wise, from the first quarter of this year to the second, according to Bloomberg.