Indian streaming platform Loco recently announced it secured $9 million in the organization’s first round of funding as an independent company. This money will be used to fuel the company’s efforts to expand its streaming and gaming content throughout the country.
This round of financing was led by gaming firm Krafton and Lumikai. There was also participation from Hashed, Hiro Capital, North Base Media, Axilor Ventures, and 3one4 Capital.
“Loco is at the forefront of the game streaming revolution in India. Our platform empowers novice gamers to become household names and has built the foundation for the rise of a new creator economy in India,” said Anirudh Pandita and Ashwin Suresh, the founders of Loco. “We are just getting started on our mission to build the home of Indian gaming and we will work relentlessly to make India a global gaming superpower. With this investment, we have been joined on our mission by the pioneers of the global gaming industry. This will enable us to create value for users in ways that no other game streaming platform in India can.”
Loco is one of the most famous live streaming platforms in India. The company features popular games like FreeFire, Call of Duty Mobile, and VALORANT.