# Stoughton Street Tech Labs Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/stoughton-street-tech-labs-private

- Industry: Software
- Headquarters: Mumbai, India
- Website: www.loco.gg
- Total disclosed funding: $50M
- Latest round: Series A (Jul 19, 2022)
- Investors on record: 11

## About

Loco is an online gaming platform based in India, specializing in free gaming, esports tournaments, and live streaming, catering to the growing community of gamers in Southeast Asia.Founded in 2017 in Mumbai, India, Loco operates within the gaming industry, providing an interactive platform for gamers. The founders include Anirudh Pandita, Ashwin Suresh, Chetan Dhembare, Firasat Durrani, Laure Oomens, Prakhar Tosniwal, Ronald Williams, and Tim Whitlock. The CEO is Oleg Lukac. The firm has raised a total of USD 34.47 mn through various funding rounds, with the latest being an ADD-ON TRADE SALE of USD 65.00 mn on September 26, 2024, when Redwood Technologies Group Ltd. acquired Loco.Loco operates primarily in the gaming industry, offering a robust platform that combines free online gaming, esports tournaments, and live streaming services. The platform allows players to engage in a variety of games, join competitive tournaments, and participate in live streaming events. It aims to meet the demand for accessible gaming entertainment, particularly in India and Southeast Asia, focusing on community engagement and competition. Loco facilitates individual gameplay and community interactions through its social features, fostering connections among users.In 2023, Loco reported a revenue of USD -1,046.60 mn and an EBITDA of USD -32,826,145.20.The acquisition by Redwood Technologies Group Ltd. is intended to facilitate Loco's geographical expansion, enhancing its reach in the gaming market. Future initiatives may include the development of new products and services that cater to evolving gamer preferences. With the recent funding, Loco is positioned to grow its operations and enhance its offerings, expanding into new markets within Southeast Asia.

## Funding rounds

- Series A, Jul 19, 2022, $34M — Catamaran Ventures, Korea Investment Partners, Makers Fund, Hashed Ventures, Krafton Inc., Hiro Capital, Belltower Fund Group, Lumikai
- Series A, Mar 28, 2022, $7.1M — Hashed Ventures, Krafton Inc., Hiro Capital, Lumikai
- Series A, Jul 10, 2021, $8.5M — North Base Media, Axilor Ventures, 3one4Capital Advisors, Hashed Ventures, Krafton Inc., Hiro Capital, Lumikai

## Investors

- North Base Media (https://capitalatlas.ai/funds/north-base-media) — Series A
- Axilor Ventures (https://capitalatlas.ai/funds/axilor-ventures) — Series A
- 3one4Capital Advisors (https://capitalatlas.ai/funds/3one4capital-advisors) — Series A
- Hashed Ventures (https://capitalatlas.ai/funds/hashed-ventures) — Series A
- Krafton Inc. — Series A
- Hiro Capital (https://capitalatlas.ai/funds/hiro-capital) — Series A
- Lumikai (https://capitalatlas.ai/funds/lumikai) — Series A
- Catamaran Ventures (https://capitalatlas.ai/funds/catamaran-ventures) — Series A
- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series A
- Makers Fund (https://capitalatlas.ai/funds/makers-fund) — Series A
- Belltower Fund Group — Series A