Indian game streaming startup Loco sells majority stake to Redwood

• UAE-based Redwood has acquired a majority stake in Loco, aiming for international market expansion.
• The $65 million deal provides a full exit for all existing Loco backers.
• Loco's valuation has dropped from its $150 million peak in 2022, reflecting broader industry struggles.
• The new investment will fuel Loco's global expansion efforts, according to the founders.
• Loco aims to build a Twitch-like platform, targeting markets with limited Amazon-owned service penetration.

Source: Techcrunch