Loco (esports platform)
Loco is a gaming entertainment company, headquartered in Mumbai. The platform was originally launched in 2018 in six languages.[1]
In 2022, the Indian version of PUBG Mobile, BGMI was pulled from Google's Play store in compliance with a take-down order by the Government of India.[2] The game was launched in 2021 a year after the ban of PUBG in the South Asian market[3] and banned over allegations of the game collecting sensitive user data.[4][5]
History[edit]
Loco was co-founded by Anirudh Pandita and Ashwin Suresh, who first met in 2006 when they were roommates at the UIUC.[6]
Ashwin worked for Junglee Pictures, while Anirudh had returned to India after his MBA at Wharton.[1] In 2013, they co-founded with a third partner Pocket Aces.[7]
Loco, formally known as Showtime, was acquired by Pocket Aces in 2018 and relaunched as Loco.[8][9]
In 2021, the company was hived off into a separate entity after a $9 million round from Krafton Inc.[10][11]
In March 2022, the company received $42 million in series A funding round.[12]
References[edit]
- ↑ 1.0 1.1 Venkatesh, Shruti. "Pocket Aces Raises $3 Million". Forbes India.
- ↑ "The ban on BGMI may be same as PUBG: Here's the reason and why - Times of India". The Times of India.
- ↑ "India blocks Krafton's battle-royale game BGMI two years after PUBG ban". TechCrunch.
- ↑ Bhati, Divya. "Full list of Chinese apps banned in India so far: PUBG Mobile, Garena Free Fire, TikTok and hundreds more". India Today.
- ↑ Biswas, Apurba (2022-07-30). "BGMI Ban: MortaL, Scout, Ghatak, and Streaming Platform, Loco react to the BGMI ban, CHECK DETAILS". www.insidesport.in.
- ↑ Malvania, Urvi (2017-07-19). www.business-standard.com https://www.business-standard.com/article/companies/pocket-aces-first-indian-digital-media-firm-to-enter-china-117071900440_1.html. Missing or empty
|title=(help) - ↑ Sengupta, Snigdha (24 January 2022). "Indian women are storming the gates of the investor 'boys club'". Al Jazeera English. Retrieved 2022-08-30.
- ↑ Malik, Yuvraj (2018-01-24). "Pocket Aces acquires quiz game app Loco". mint.
- ↑ "Loco raises $42 million in Series A funding round led by Hashed". Financialexpress.
- ↑ "Indian Gaming Startup Loco Gets $42 Million from Hashed, Others". Bloomberg.com. 2022-03-10.
- ↑ East, Forbes Middle. "Streaming Platform Loco Secures $9M Funding From South Korea's Krafton-Led Consortium". Forbes ME.
- ↑ "Indian game streaming platform Loco raises $42m". GamesIndustry.biz. 2022-03-14.
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