Indian game streaming startup Loco sells majority stake to Redwood
- Lumikai
- Sep 26, 2024
- 1 min read
Updated: Oct 20, 2024
Lumikai has received an all-cash exit from its investment in Loco, following the acquisition of a majority stake by UAE-based Redwood in a $65 million deal. The transaction enables Loco to focus on expanding its game streaming platform to international markets.
Loco plans to leverage this investment to drive its global expansion efforts, aiming to build a platform with a broader reach beyond India and to serve markets with weak penetration by larger players like Twitch.
You can read more about this here.
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