✔️ 2022-03-15 02:51:49 – Paris/France.
The platform startup of Streaming gaming company Loco raised $42 million from investors during its Series A round to grow and strengthen its product.
As reported by GamesIndustry.biz, the platform of Streaming India-based has brought in several companies during this round of investment as they move forward with plans to "accelerate technology and content development."
The product, which is billed as “Twitch for India,” has now received investments from Hashed, PUBG publisher Krafton, Lumikai and Hiro Capital, Makers Fund, Korea Investment Partners, and Catamaran Ventures.
“Loco is the leader of the Streaming of games in India and has the most engaged gaming community in the country on its platform,” Ethan Kim, co-founder of Hashed, said in a statement.
“Users between the ages of 10 and 30 form the bedrock of gaming and esports communities around the world and India is one of the most exciting global gaming markets with 40% of its population belonging to this category. cohort. We believe that this new round of investment will allow Loco to consolidate its dominant position in the Streaming and ultimately to provide the Indian gaming community with state-of-the-art Web3 products and services.
Loco has already established its presence in India recently, with Tech Crunch reporting that the platform has over 450 daily users and a total of 000 million each month. The report also claims that the platform has around 5,3 content creators streaming on the site.
When you visit Loco, the platform has some notable similarities to Twitch, both in layout and categories. The site markets itself to customers as the “platform that tubocharges fan experiences and lets you find your own gaming community.”
SOURCE: Reviews News
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