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.

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by JumpyUnicornLoco

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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I feel they would be raising for 4-5 months of runway at a time this way. Anybody knows?

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