Loco, a game streaming platform on Thursday said that it has secured Rs 330 crores (U SD42 million) investment led by Hashed, with participation from Makers Fund, Catamaran Ventures, and Korea Investment Partners.
The fundraising will allow Loco to continue investing in the development of the Indian gaming ecosystem and nurturing the Indian gaming community. Krafton, Lumikai, and Hiro Capital, the company’s seed round investors also participated in this round.
“We started Loco with a mission to democratize gaming and this investment will help us make significant progress towards our end goal. Today, we are the platform where gamers go from being newbies to becoming gaming superstars. We are the campfire for the gaming community – from beginners to the best, they are all here on Loco,” said Anirudh Pandita and Ashwin Suresh, Founders of Loco.
Talking about the partnership, Ethan Kim, Co-founder and Partner, Hashed said, “We are thrilled to partner with Loco as their lead Series A investor. Loco is the leader in game streaming in India and has the country’s most engaged community of gamers on its platform.