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Indian game streaming startup Loco sells majority stake to Redwood

  • UAE-based Redwood has acquired a majority stake in Loco, aiming for international market expansion.
  • The $65 million deal provides a full exit for all existing Loco backers.
  • Loco's valuation has dropped from its $150 million peak in 2022, reflecting broader industry struggles.
  • The new investment will fuel Loco's global expansion efforts, according to the founders.
  • Loco aims to build a Twitch-like platform, targeting markets with limited Amazon-owned service penetration.

Source: Techcrunch

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4mo ago
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