Loco, an Indian game streaming platform, has sold a majority stake to Redwood, a technology-focused investment company based in the UAE. The $65 million transaction involved a mix of primary and secondary investment.

Luthra and Luthra Law Offices India acted as the legal counsel for Loco in this transaction.

The transaction team consisted of Nishant Singh (Partner), Saksham Madan (Managing Associate), Silpi Jain (Associate), Maitri Meghani (Associate) and Rahul Lal (Associate).

Loco was backed by marquee investors such as South Korean gaming giant Krafton, crypto venture capital firm Hashed, Catamaran Ventures, Makers Fund, Lumikai, Korea Investment Partners and Hiro Capital.

The transaction allowed a full exit for existing investors.

This investment will enable Loco to expand into international markets and enter into new partnerships with major gaming companies, esports athletes, and streamers. 

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