Loco is a Bengaluru-headquartered game streaming platform. It raised $42 million (Rs 330 crore) in a Series A funding round. The round was led by South Korea’s early-stage venture fund Hashed. Makers Fund, Catamaran Ventures and Korea Investment Partners also participated in the financing. The article does not disclose additional financial metrics, past rounds, or planned uses of proceeds. Loco is a 'Made in India' live game streaming and esports platform available on Android and iOS that enables users to watch and stream games and hosts India’s top creators and esports teams. The platform features one-click mobile streaming, interactive features not typical of VOD-first services, and a creator program aimed at helping novice streamers grow. Loco has partnered with global publishers such as Activision, Ubisoft and Riot Games and run India-focused programs with brands like the NBA, Logitech and Red Bull. It reports rapid engagement growth: monthly active viewers scaled 6x, monthly active streamers 10x, and live watch hours 48x since June 2020, with highly active users spending about one hour daily on the app. The company is building in-game integrations with international partners and plans to use new capital to advance its game streaming technology and content offerings. Loco will be spun off into an independent entity from parent Pocket Aces, with founders Anirudh Pandita and Ashwin Suresh leading the business going forward.

Total raised

$52M

Funding rounds

2

Latest round

Series A

Latest activity

Mar 2022