Indian game streaming startup Loco sells majority stake to Redwood
Lumikai
Sep 26, 2024
1 min read
Updated: Oct 20, 2024
Lumikai has received an all-cash exit from its investment in Loco, following the acquisition of a majority stake by UAE-based Redwood in a $65 million deal. The transaction enables Loco to focus on expanding its game streaming platform to international markets.
Loco plans to leverage this investment to drive its global expansion efforts, aiming to build a platform with a broader reach beyond India and to serve markets with weak penetration by larger players like Twitch.
You can read more about this here.
This has nothing to do with block poster printing, but interesting news for Loco.
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This update offers an interesting look at the business side of the gaming and technology industry, particularly how investment and exit activity can shape growing companies. Following developments like these can provide useful insight into the evolving startup ecosystem. For those exploring personalized jewelry, loose lab diamonds can be considered for a custom design.
Great to see Loco expanding globally after this deal. It's exciting to watch Indian gaming startups take on international markets, just like emulator games bring classics to everyone.
The shift in gaming’s monetization landscape is real, and Loco’s exit highlights how fast capital moves now. For developers repurposing old assets during pivots like this, having a quick tool to convert legacy files is handy—an OBJ to GLB workflow saves time when rebuilding for new engines or web3 pipelines. Solid read.