Loco, the leading homegrown streaming platform in India, has secured $ 9 million for its first fundraising as an independent company.
Round seeds are led by South Korean gaming companies, Krafton, and Lumikai, Indian first gaming and interactive media funds.
South Korean Gaming Company Krafton is the owner of the mobile pub game.
In India, the pubg cellphone license was held by ownership of Tencent China when it was banned last year.
The Round also saw participation by HASH, Hiro Capital, North Base Media, Axilor Ventures, and 3on4 capital.
This new investment aims to trigger platform efforts throughout streaming game technology and game content, help strengthen its position.
Loco will spin into an independent entity of the parent, Pocket Aces, a digital entertainment company.
Founder Pocket Aces Anirudh Pandita and Ashwin Suresh will lead Loco forward, while Aditi Shrivastava Co-Founder will continue to lead the Aces Pocket.
Krafton recently launched the pubg in a new Avatar – BattleGrounds Mobile India.
This is the version of India which is a little tweaked.
The ‘artificial Indian’ platform is home to popular Indian ribbons such as SC0UT, Jonathan, Mavi, thugs, Ghatak, Sumit, GTX Preet, Snax, Xyaa, Gamingworld Verified, Pooja Gaming, Hardcore Gamers, and Me2gaming.
Loco has built a community in various games including Freefire, Call of Duty Mobile, Clash of Clans, Grand Theft Auto (GTA), and Valorant.
This platform accommodates the Top Indian Esports team such as TSM, Ind, 8-Bit / Soul, and has held the largest tournament in the country in partnership with global publishers such as Activision, Ubisoft, and Riot.
It is also in the process of building integration in games with international partners.
In addition to this partnership, Loco has also worked with Like NBA, Logitech, and Red Bull to run the Esports program that focuses on India.
Anirudh Pandita and Ashwin Suresh, founder of Loco, said “Loco is at the forefront of the Streaming Game Revolution in India.
Our platform empowers beginner gamers to be a household name and has built the foundation for the emergence of a new creator in India.
We just started our mission for Building Indian gaming houses and we will work without stopping to make India Global Gaming Adikuasa.
With this investment, we have joined our mission by the global game industry pioneers.
This will allow us to create value for users in a way that doesn’t exist Another streaming game platform in India.
“Sean Hyunil Sohn, Head of Corporate Development in Krafton, said” In Krafton, we believe the taste of gamers only increases in consuming direct video game content and Loco is best placed in India to provide a world-class streaming platform has built a vigorous community around him.
“D He added, “Krafton plans to continue investing not only in playing games, but also technology, media, and other related fields to support and participate in the growth of these sectors in India.”