Arcade

Adventure

Puzzles

Strategy

Sports

Board Game

Other

Edit Content
Home
New Games
Hot Games
Featured Games
Blog
About Us
Contact Us

Redwood takes majority stake in India streaming startup Loco for $65m

Blog Nbilicom 25 Oct , 2024 0

Newly formed investment firm Redwood has taken a majority stake worth $65 million in India games streaming service Loco.

As reported by TechCrunch, the company hopes the deal will support its “global expansion efforts.”

“The investment is a recognition of the immense work done by our team in the past few years,” said Loco founders Anirudh Pandita and Ashwin Suresh.

“Gaming is an integral part of the cultural zeitgeist globally, and we look forward to building a platform that is at the heart of this global movement.”

Loco was founded in 2018 by Pandit and Suresh as a gaming streaming platform pitched as “Twitch for India.”

In 2022, the firm raised $42 million in a series A funding round led by Hashed, with participation from Krafton, Lumikai, and Hiro Capital, in addition to Makers Fund, Korea Investment Partners, and Catamaran Ventures.

The platform has also entered deals with publishers such as Krafton, Activision, and Riot.



Source link : Gamesindustry

Share: Facebook Twitter

Coommathgames is a completely new platform for the online games lovers. The best part is that all games available on our website are free and can be enjoyable on multiple devices, including desktop, mobile phones, tablets, and iPhones or iPads.

Useful Links

Blog
About Us
Contact Us
Privacy Policy
Cookies Policy
Terms Of Services

Subscribe Now

Don’t miss our future updates! Get Subscribed Today!

Coommathgames © 2024 All Rights Reserved.