TechHR
ex
L&D
UNPLUGGED
Sphere
About Us • Contact Us
People Matters ANZ
People Matters Logo
Login / Signup
People Matters Logo
Login / Signup
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

 

 

  • HotTopic
    HR Folk Talk FutureProofHR
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations BigInterview
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
  • About Us
  • Advertise with us
  • Become a sponsor
  • Contact Us
  • Feedback
  • Write For Us

Follow us:

Privacy Policy • Terms of Use

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

People Matters Logo
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast
Login / Signup

Categories:

  • HotTopic
    HR Folk Talk FutureProofHR
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations BigInterview
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
Loco nets $42 million in funding led by Hashed, Catamaran Ventures

News • 10th Mar 2022 • 1 Min Read

Loco nets $42 million in funding led by Hashed, Catamaran Ventures

TechnologyFunding & Investment#MergersAndAcquisitions

Author: Shreejay Sinha Shreejay Sinha
8K Reads
Game-streaming companies like Loco see a huge potential in India, buoyed by affordable high-speed internet data, a young demography, and a deepening penetration of smartphones in a country of 1.4 billion.

Loco on Thursday announced it has raised $42 million in a funding round led by South Korea’s early-stage venture fund Hashed and Infosys co-founder Narayana Murthy’s Catamaran Ventures, as the game-streaming platform looks to ride a frenzy fuelled by a pandemic that left people holed up in homes with their mobile phones for company.      

South Korean video game developer Krafton, Korea Investment Partners, Lumikai, and Hiro Capital also participated in the financing round, Loco said in a statement. Reports say that following this fundraise, the Bengaluru-headquartered live game-streaming company’s valuation has increased to $200 million.

“This investment will help scale our technology efforts across game streaming and Web3,” Loco said in a statement on its official social media pages. "We have been the largest investors in gaming content in India and we are committed to the development of the Indian gaming community and creator ecosystem at large."

Anirudh Pandita and Ashwin Suresh co-founded Loco in 2020, the year when the covid-19 pandemic prompted governments around the world to impose lockdowns to curb the viral spread. Restrictions in India were easily the harshest in the world, leaving socially-isolated individuals grappling with ennui.

Confined within their homes, people turned to gaming on their hand-held devices for entertainment. Loco claims that since June 2020, its  monthly active viewers have grown six-fold, monthly active streamers, which include the very popular Sc0ut, Mavi, Godlike’s Jonathan and Ankkita, have grown ten times, and live watch hours have increased 48 times. Loco’s highly active users currently spend about an hour daily on its platform.

Game-streaming companies see a huge growth potential in India, buoyed by affordable high-speed internet data, a young demography, and a deepening penetration of smartphones in a country of 1.4 billion.

Read More

Did you find this article helpful?


You Might Also Like

TechDiversity marks decade of DEI progress

NEWS • 8th May 2025 • 2 Min Read

TechDiversity marks decade of DEI progress

DiversityTechnology#DEIB
Australia, New Zealand have highest ROI on genAI

NEWS • 17th Apr 2025 • 3 Min Read

Australia, New Zealand have highest ROI on genAI

Technology#Artificial Intelligence
Alphabet, Nvidia back Ilya Sutskever's SSI

NEWS • 15th Apr 2025 • 3 Min Read

Alphabet, Nvidia back Ilya Sutskever's SSI

TechnologyFunding & Investment
NEXT STORY: IHRP partners with BeNext to accelerate HR professionals' business impact

Trending Stories

  • design-thinking-hr

    New tech incoming: how do you get people to accept it?

  • design-thinking-hr

    Why people metrics matter more than ever

  • design-thinking-hr

    ChatGPT Walks It Back — AI Giants Race Ahead

  • design-thinking-hr

    Skype is dead: Did Microsoft's leadership let a billion-doll...

People Matters Logo

Follow us:

Join our mailing list:

By clicking “Subscribe” button above, you are accepting our Terms & Conditions and Privacy Policy.

Company:

  • About Us
  • Advertise with us
  • Become a sponsor
  • Privacy Policy
  • Terms of Use

Contact:

  • Contact Us
  • Feedback
  • Write For Us

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

Get the latest Articles, Insight, News & Trends from the world of Talent & Work. Subscribe now!
People Matters Logo

Welcome Back!

or

Enter your registered email address to login

Not a user yet? Lets get you signed up!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

People Matters Logo

Welcome! Let's get you signed up...

Starting with the absolulte basics.

Already a user? Go ahead and login!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

Let's get to know you better

We'll never share your details with anyone, pinky swear.

And lastly...

Your official designation and company name.