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.
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It's exciting to see Loco take this step towards global expansion! With the backing of Redwood and the $65 million investment, it seems like they have a solid foundation to challenge bigger players like Twitch, especially in regions where those platforms haven't fully penetrated. This could be a game-changer for the streaming industry, especially if Loco tailors its platform to local needs and cultures in new markets. Looking forward to seeing how they grow and what new features or content they bring to the table. ragdoll hit
Loco’s recent decision to sell a majority stake to Redwood highlights the growth gaming industry and potential for new developments in game streaming. For game developers and artists, this growth means greater opportunities to bring creative work, like 2d game art, to a wider audience. High-quality artwork can greatly enhance player engagement on platforms like Loco, making well-crafted visuals an essential element for games looking to stand out in the competitive streaming market.