Krafton invests $9 million in the livestreaming startup Loco

Battlegrounds Mobile India developer Krafton has just announced an investment of $9 million (approximately Rs 66,81,15,000) in the Indian live streaming startup Loco. In the initial funding round the live streaming service will be spun off from parent company Pocket Aces which is a digital content creation studio.

According to a tweet from Krafton’s Head of Investments, Anuj Tandon, “Krafton’s second investment in India is to back India’s own game streaming platform – Loco. Its great to back @anipandita & @ashwinsuresh as Lead investors in their Seed round as they build this rocket ship.”

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