Indian game streaming startup Loco sells majority stake to Redwood
Redwood acquired a majority stake in Loco for $65 million, enabling the Indian gaming platform's international expansion.
MAIN POINTS
- Redwood, a UAE-based firm, acquired a majority stake in Loco.
- The $65 million deal provides a full exit for all existing Loco backers.
- Loco aims to expand its focus to international markets following the acquisition.
TAKEAWAYS
- Redwood's acquisition supports Loco's strategic international growth plans.
- The deal marks a significant investment in the gaming streaming sector.
- Existing Loco investors have completely exited following the acquisition.