Indian streaming startup Loco, has been sold to UAE-based investment firm Redwood. TechCrunch reports that the acquisition of India’s version of Twitch came with a $65 million price tag for the newly-formed investment outfit. This represents a majority stake in the company and allows all existing investors to exit from Loco. TechCrunch notes that this is a substantial decline on the $…
Sponsor
Geek Alliance LLCSponsor
Green Man Gaming Our hottest PC & XBOX game deals all in one place.Go on.... treat yourself to a new game.
1 Comment
Wow, that’s a pretty big move for Loco! It’s wild to see an Indian streaming platform getting picked up by a UAE firm. $65 million might seem like a lot, but considering the growth in gaming and streaming, it’s kind of surprising it didn’t go for more. It’ll be interesting to see how Redwood plans to take Loco to the next level. Hopefully, they keep the community vibe strong and bring in some fresh features. Can’t wait to see what’s next for them!