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Loco Secures Transformative Investment from Redwood Tech FZCO to Fuel Global Expansion

Raunak Saha by Raunak Saha
September 28, 2024
in Gaming
0
Loco raises INR 330 crores, one of the largest Series A funding rounds in India

Loco, India’s leading game streaming platform, is taking a major step in its growth journey with a significant investment from Redwood Tech FZCO, a UAE-based, tech-focused investment firm. This strategic move marks a milestone for Loco, as Redwood’s backing will help accelerate the platform’s expansion into global markets, while providing an exit for existing investors.

Loco Announces Global Expansion Backed by UAE-based Investment Company

LOCO and Glance Live acquire the streaming rights to NODWIN Gaming’s BGMI Master Series tournament

Having established itself as a pioneer in India’s gaming and esports landscape, Loco has turned gaming from a niche hobby into a mainstream phenomenon. The platform hosts thriving communities around popular games such as BGMI, Free Fire, Call of Duty Mobile, Clash of Clans, GTA, and Valorant. Now, Loco is set to go global, bringing its innovative live game streaming experience to new international audiences.

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As part of this global expansion, Loco will forge new partnerships with top gaming companies, esports athletes, and streamers, building on its previous collaborations with giants like Krafton, Activision, Ubisoft, Riot Games, NBA, and FIFAe.

This investment allows Loco to capitalize on its robust technology and community-driven platform, with plans to enter several new markets in the next 12 months. Redwood Tech’s investment is a clear endorsement of Loco’s potential to redefine gaming entertainment on a global scale.

Anirudh Pandita and Ashwin Suresh, Founders of Loco, stated: “This investment acknowledges the incredible work our team has done. Gaming is a central part of today’s culture, and we’re building a platform that brings fans closer to this global movement. Live streaming creates connections like no other medium, and we’re putting the fan at the center of it all.”

This pivotal investment from Redwood positions Loco as a future leader in the international gaming scene, poised to transform the way the world experiences gaming entertainment.

Tags: LocoRedwood Tech FZCO
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