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Indian game streaming startup Loco has sold a majority stake to UAE-based Redwood for $65 million. The deal, reported by TechCrunch and moneycontrolcom, provides a full exit to all Loco investors. The acquisition is part of Loco's strategy to expand into international markets.
🚨 In a new edition of ETtech #Unwrapped, our weekend newsletter, we look at the most important stories this week.
#MCTech3 | Top tech and startup news this evening - 🚨Breaking: Zomato co-founder Akriti Chopra resigns with immediate effect 🎯One quick thing: Game streaming platform Loco sells majority stake to UAE-based Redwood for $65 million In today’s newsletter: ✳️ Swiggy's IPO… https://t.co/PYWuvDaK4X
Get ready for some intriguing insights in today's edition of our Editor's Picks newsletter! 📰🚀 Here's what @nalinmehta thought were some of the interesting reads for the day 👉 Swiggy's IPO - All eyes on Swiggy as it gears up for a ₹10,414 crore listing & Discover 7 key… https://t.co/Q4Q4KX0szf
