PUBG Mobile owner Krafton invests in streaming startup Loco


One of the most popular live-streaming applications in India, Loco, secured $9 million in funding from several investors, including the name of the owners of PUBG Mobile, Krafton Inc.

During the last year, the content creation and streaming industries have experienced a considerable boost due to the prevalent conditions. People were forced to stay indoors because of the pandemic and sought out alternative activities to keep themselves occupied.

Many platforms have experienced a surge in viewership, with millions tuning in to watch their favorite games.

Also read: “Hastar’s passion for creating content is admirable”: iMazik and Hastar BTC share experience of playing PUBG Mobile together

Loco receives $9 million from investors, including the owner of PUBG Mobile.

Investments of $9 million received by Loco (Image via PUBG Mobile)Also read: PUBG Mobile global to stop functioning in Korea and Japan after June 30th, 2021

He further added:

“Over 100 million monthly active users in India engage with these games; imagine 100 million people playing a sport that no one’s watching — that’s what Loco set out to solve for.”

According to Ashwin Suresh, co-founder of Pocket Aces Pvt:

“India’s big focus is on mobile games. The best mobile game players in the world will definitely come from India.”

Earlier, the South Korean gaming giant had invested $22.4 million approx (INR 164 crore) in Nodwin Gaming to develop esports in South Asia, Middle East, and Africa.

Also read: Request to ban PUBG Mobile, Garena Free Fire, and other online mobile games submitted to the Indonesian Ministry of Communication and Information: Report

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