Loco has raised a total of $51 million across multiple funding rounds, with its largest being a $42 million Series A round in March 2022. The Mumbai, Maharashtra-based company is a leading game streaming platform, offering free online gaming, esports tournaments, and live streaming. Loco connects gamers with a public audience, enabling interactive experiences and building a vibrant community. Its platform also supports technology development for game streaming and esports engagement, positioning Loco as a key player in India's growing gaming ecosystem.
Keep reading to explore Loco's funding journey, key investors, and what's next for this innovative gaming platform.
What Is Loco and What Does It Do?
Loco, founded on November 1, 2017, by Abhishek Madhavan, Anirudh Pandita, Ashwin Suresh, Chetan Dembre, Firasat Durrani, and Sushil Kumar, is headquartered in Mumbai, Maharashtra, India. The platform enables gamers to connect with the public through live streams, arcade games, and esports tournaments, fostering a vibrant and interactive gaming community.
With a team of 101–250 employees, Loco provides a robust infrastructure for content creators and esports enthusiasts, supporting engagement, streaming technology, and content growth across India and beyond.
How Much Funding Has Loco Raised?
- Seed Round
- Amount Raised: $9M
- Date: June 2021
- Lead Investors: Krafton, Lumikai
- Motivation: To establish Loco as a separate entity from its parent company, Pocket Aces, and to develop its game streaming services.
- Series A
- Amount Raised: $42M
- Date: March 2022
- Lead Investors: Hashed, Catamaran Ventures, Makers Fund, Korea Investment Partners
- Motivation: To accelerate technology and content development for the platform.
Total Funding Raised: $51M
Latest Funding Date: March 1, 2022
Key Investors
- Hashed
- Details: Hashed is a South Korean early-stage venture capital fund with a focus on investments in blockchain, cryptocurrency, and gaming.
- Investment Focus Areas: Blockchain, cryptocurrency, gaming
- Notable Investments: Terra, Axie Infinity, The Sandbox
- Krafton
- Details: Krafton is a South Korean video game holding company, best known for developing PUBG (PlayerUnknown's Battlegrounds).
- Investment Focus Areas: Gaming, interactive entertainment
- Notable Investments: PUBG, TERA, Elyon
- Lumikai
- Details: Lumikai is an India-based venture capital fund specializing in investments in gaming and interactive media.
- Investment Focus Areas: Gaming, interactive media
- Notable Investments: Bombay Play, Loco, Lila Games
- Hiro Capital
- Details: Hiro Capital is a London-based venture capital firm investing in games, esports, and digital sports.
- Investment Focus Areas: Games, esports, digital sports
- Notable Investments: FitXR, Zwift, Polyarc
- Catamaran Ventures
- Details: Catamaran Ventures, led by N.R. Narayana Murthy, is an Indian venture capital firm that invests across multiple sectors.
- Investment Focus Areas: Technology, consumer goods, healthcare
- Notable Investments: Infosys, Paper Boat, Yulu
Where Is Loco's Headquarters?
Loco is headquartered in Mumbai, Maharashtra, India, providing access to India's growing tech talent, gaming community, and digital infrastructure. Its location supports collaboration with gaming companies, content creators, and esports platforms, helping Loco maintain its position as a leading live-streaming and gaming platform.
What's Next for Loco?
Loco is positioned to capitalize on India's booming esports and game streaming market, projected to reach $3.5 billion by 2025. With a rapidly expanding user base and partnerships with global gaming giants, the company plans to leverage emerging technologies, including Web 3.0, NFTs, and the metaverse, to enhance engagement and unlock new revenue streams.
While facing competition from YouTube Gaming and Twitch, Loco's substantial $42 million Series A funding enables it to scale operations, develop technology, and maintain a competitive edge in the dynamic gaming ecosystem.
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