Loco, an Indian game streaming platform, secured $9m in seed funding.
The round was led by South Korean gaming firm Krafton, as well as Lumikai, an Indian gaming and interactive media fund, with participation from Hashed, Hiro Capital, North Base Media, Axilor Ventures, and 3one4 Capital.
The company intends to use the funds to accelerate the platform’s innovation efforts across game streaming technology and gaming content.
Loco is an Indian game streaming platform which allows viewers to enjoy game streaming and esports content created by gamers and esports teams. Users can also stream various games themselves. Popular game categories on the platform include FreeFire, Call of Duty Mobile, Valorant, GTA 5 etc. The platform has teamed up with global companies such as Activision, Ubisoft, Riot Games, Red Bull and NBA to host some of India’s largest esports tournaments and programs. It is currently available on Android and iOS.
With this raise, Loco will be spun off into an independent entity from its parent, Pocket Aces, India’s largest digital entertainment company. Pocket Aces founders Anirudh Pandita and Ashwin Suresh will lead Loco going forward, while co-founder Aditi Shrivastava will continue to lead Pocket Aces.
FinSMEs
04/07/2021