Ben Jen Holdings SLLC

Lyft (NASDAQ: LYFT)

Industry: Transportation
Investment Status: IPO

Lyft is a peer-to-peer ridesharing company that creates communities of passengers and drivers in a given market through a mobile application supported on iOS and Android devices. Lyft attempts to differentiate itself from other ridesharing services through its “community model,” establishing a social network among drivers and passengers. Passengers launch the application and request a ride, and a nearby driver responds to the request and arrives at the pick-up location.