Indian Game Streaming Startup Loco Sells Majority Stake To Redwood

Lumikai has received an all-cash exit from its investment in Loco, following the acquisition of a majority stake in the game streaming platform by UAE-based Redwood in a $65Mn deal. The transaction enables Loco to focus on expanding its game streaming platform to international markets, building a platform with broader reach beyond India and serving markets where larger players such as Twitch have weak penetration.

Lumikai co-led Loco's $9Mn seed round and participated in its $42Mn Series A, backing the platform through its growth as a home for Indian game streaming.

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