Odds and Ends 

Ola raises $50M at a $4.3B valuation from two Chinese funds

Ola, the arch-rival of Uber in India, has raised $50 million at a valuation of about $4.3 billion from Sailing Capital, a Hong Kong-based private equity firm, and the China-Eurasian Economic Cooperation Fund (CEECF), a state-backed Chinese fund. The funding was disclosed in regulatory documents sourced by Paper.vc and reviewed by Indian financial publication Mint. According to Mint, Sailing Capital and CEECF will hold a combined stake of more than 1% in Ola . An Ola spokesperson said the company has no comment. Ola’s last funding announcement was in October,…

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Odds and Ends 

Report: UberRush will stop handling restaurant deliveries

Uber plans to close its UberRush courier service to restaurant deliveries, according to a report in Quartz. Instead, restaurants will be encouraged to use UberEats, the companys food delivery service,instead. The move is noteworthy because restaurants were one of UberRushs key clientele when it launched in October 2015 as a competitor to Postmates, Delivery.com and other on-demand delivery services. In fact, Quartzs sourcestwo Uber employeessaid restaurant deliveries made up most of UberRushs orders. Clients have been told that it will stop handling restaurant orders after May 8, but continue to…

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