GameChanger represents Krafton and Lumikai on their USD 9 Million seed investment in Loco
- Social Media
- Jun 28, 2021
- 1 min read
GameChanger Law Advisors represented Krafton Inc. and Lumikai Interactive Fund on their USD 9 million investment in Loco, an Indian streaming platform for video games. The round also saw participation by Hashed, Hiro Capital, North Base Media, Axilor Ventures, and 3one4 Capital.
About Krafton: Krafton is a South Korean company that distributes PUBG in India. It is a collection of studios, each with their own distinct creative identity. Their team is always aspiring to evolve, innovate, and create new technology and entertainment experiences that fans can interact and engage with.
About Lumikai: Lumikai is India’s first gaming and interactive media venture capital fund. It was built to supercharge the new generation of India’s leading founders across interactive content, technology, tools and infrastructure.
About Loco: Loco has been a pioneer in the live game streaming and esports sector in India. It has built highly engaged communities across various games including FreeFire, Call of Duty Mobile, Clash of Clans, Grand Theft Auto (GTA), and Valorant. It is also in the process of building in-game integrations with international partners.
Our team for this transaction comprised of Amrut Joshi , Subhashini Narayanan and Srikanth Bhaskar.
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