Lyft acquires ride-sharing startup Hitch
Car-sharing service Lyft has acquired Hitch, a startup in the mobile app-enabled car-pooling business, to integrate the service with its own shared rides business that it set up last month.
"Similar to Lyft, Hitch has always believed the shared rides experience is inherently social, and we're excited that they're joining the team to accelerate this movement together," Lyft wrote in a blog post Monday.
Financial terms of the deal were not disclosed. Hitch co-founders Snir Kodesh and Noam Szpiro will join the Lyft team as the company expands personal transit to more cities across the U.S. Hitch offers its service in San Francisco.
