PE Fund Investments
UAE’s Redwood acquires majority stake in game streaming platform Loco for $65-M; existing investors
Redwood, a newly formed investment firm based out of UAE, has acquired a majority stake in Bengaluru-based game streaming platform Loco in a USD 65 million deal. The investment gives full exit to all existing Loco backers.The deal follows the sale of Loco’s sister property Pocket Aces, which sold a majority stake in a USD 40 million deal to music label company Saregama, earlier this year.
Between Jun 2021 and Aug 2023, Loco had raised over USD 52.30 M from Axilor Ventures, Catamaran, Hashed Venture Fund, Hiro Capital, Korea Investment Partners, Krafton, Lumikai, Makers Fund and 3ONE4 Capital.
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