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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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2mo ago
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Reviews about Loco

How is the business growth ? It’s just a sub vertical of YT gaming but they have made into a business.

Not sure about revenue but their last round was a year before.

Also, Heard that they are fully remote.

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Indian Startups

Heard off RuskMedia/Rumble ?

Got interview call from a consultant for this company. Seems they are into entertainment and gaming.

Anyone heard of it and how is work culture there ?

They are Delhi based and is the fully wfo or hybrid or remote ?

Indian Startups

Eloelo is probably a scam

Today raised $22m series B.

No revenue.

Video streaming app with Less than 1m daily users in india is valued over $100m... So every random person in india is worth over $100? Lol.

Competition, Chingari, Rooter, both in trouble....