About Loco
Loco is a company based in Bengaluru (India) founded in 2018 by Chetan Dhembare, Ashwin Suresh, and Anirudh Pandita was acquired by Redwood Technologies in September 2024.. Loco has raised $51 million across 2 funding rounds from investors including Krafton, Pocket Aces and Korea Investment Holdings. The company has 35 employees as of July 31, 2024. Loco offers products and services including Live Streaming Service, Esports Tournaments, and Gaming Content Platform. Loco operates in a competitive market with competitors including Twitch, Enthusiast Gaming, StreamElements, Huya and Sportvot, among others.
- Headquarter Bengaluru, India
- Employees 35 as on 31 Jul, 2024
- Founders Chetan Dhembare, Ashwin Suresh, Anirudh Pandita
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Sectors
Media & Entertainment
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$51 M (USD)
in 2 rounds
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Latest Funding Round
$42 M (USD), Series A
Mar 10, 2022
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Investors
Krafton
& 11 more
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Employee Count
35
as on Jul 31, 2024
- Acquired by
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Products & Services of Loco
Loco offers a comprehensive portfolio of products and services, including Live Streaming Service, Esports Tournaments, and Gaming Content Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for real-time game streaming and viewer interaction.
Platform for organizing and participating in online gaming events.
Hub for accessing free games, streams, and community features.
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Funding Insights of Loco
Loco has successfully raised a total of $51M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $42 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $42.0M
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First Round
First Round
(28 Jun 2021)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series A - Loco | Valuation | Hashed | |
| Jun, 2021 | Amount | Seed - Loco | Valuation | Krafton |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Loco
Loco has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Krafton, Pocket Aces and Korea Investment Holdings. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund focused on crypto-assets
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Founded Year | Domain | Location | |
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Venture capital funding for games and interactive entertainment.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward entertainment sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Loco
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Loco
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Loco Comparisons
Competitors of Loco
Loco operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Twitch, Enthusiast Gaming, StreamElements, Huya and Sportvot, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
ESports social video streaming platform
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| domain | founded_year | HQ Location |
Esports enthusiasts are connected via online platforms, forums, and events.
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| domain | founded_year | HQ Location |
Monetization and engagement tools for live streaming are provided.
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| domain | founded_year | HQ Location |
Online gameplay is streamed live via a broadcasting portal.
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| domain | founded_year | HQ Location |
Live sports streaming and casual venue services are provided.
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| domain | founded_year | HQ Location |
Mobile entertainment and communication
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Loco
Frequently Asked Questions about Loco
When was Loco founded?
Loco was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Loco located?
Loco is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Loco a funded company?
Loco is a funded company, having raised a total of $51M across 2 funding rounds to date. The company's 1st funding round was a Seed of $9M, raised on Jun 28, 2021.
How many employees does Loco have?
As of Jul 31, 2024, the latest employee count at Loco is 35.
What does Loco do?
Loco was founded in 2018 in Bengaluru, India, as a social platform within the gaming sector. A live streaming app is provided exclusively for Android users, enabling gameplay and viewing of eSports videos. Operations focus on community engagement for gamers, with revenue generated through in-app advertisements and purchases. The platform serves users primarily in the Indian market.
What products or services does Loco offer?
Loco offers Live Streaming Service, Esports Tournaments, and Gaming Content Platform.
Who are Loco's investors?
Loco has 12 investors. Key investors include Krafton, Pocket Aces, Korea Investment Holdings, 3one4 Capital, and North Base Media.
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