Reliance Retail acquires majority stake in D2C brand Clovia for $125 million – TechCrunch

Mukesh Ambani-controlled Reliance Retail said on Sunday evening it is acquiring a majority stake of 89% in direct-to-consumer brand Clovia for $125 million as the largest Indian retail chain looks to expand its footprints in the apparel and innerwear categories. Eight-year-old Clovia, which operates a “bridge-to-premium D2C brand” and sells over 3,500 products across innerwear…

Riding an API to platform status – TechCrunch

Welcome to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here.  Happy Saturday, friends; I hope you are well. As you read this, I have scooted back to my regular digs up in the Northeast, leaving sunny New Orleans…

Russian search giant Yandex tells investors it’s looking for a media exit – TechCrunch

Russia’s Internet giant Yandex has told investors it’s exploring “strategic options” for its media products — including a potential sale of its news aggregator, Yandex News, and a user-generated-content-recommendation and blogging “infotainment” platform, called Zen. The disclosure confirms our reporting earlier this week — when sources told us Yandex is in discussions to sell Yandex…