The deal marks a complete exit for Loco’s existing investors and sets the stage for the platform’s global expansion.
Loco (Company), a prominent Indian game streaming platform, has sold a majority stake to Redwood, a UAE-based technology investment firm, in a $65 million deal. The transaction involved both primary and secondary investments.
Luthra & Luthra Law Offices acted as the legal counsel for the Company throughout the transaction. The legal team included Nishant Singh (Partner), Saksham Madan (Managing Associate), Silpi Jain (Associate), Maitri Meghani (Associate), and Rahul Lal (Associate).
It was previously supported by high-profile investors, including South Korean gaming giant Krafton, crypto-focused venture firm Hashed, Catamaran Ventures, Makers Fund, Lumikai, Korea Investment Partners, and Hiro Capital. This transaction provides a full exit for these investors.
The investment will help Loco enhance its international presence and forge new partnerships with leading gaming companies, esports athletes, and streamers.
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