{"id":2252,"date":"2021-06-29T09:06:19","date_gmt":"2021-06-29T09:06:19","guid":{"rendered":"https:\/\/onlinegaminggear.com\/krafton-invests-9-million-in-the-livestreaming-startup-loco\/"},"modified":"2021-06-29T09:30:18","modified_gmt":"2021-06-29T09:30:18","slug":"krafton-invests-9-million-in-the-livestreaming-startup-loco","status":"publish","type":"post","link":"https:\/\/onlinegaminggear.com\/krafton-invests-9-million-in-the-livestreaming-startup-loco\/","title":{"rendered":"Krafton invests $9 million in the livestreaming startup Loco"},"content":{"rendered":"<div id=\"article-body\">\n<p>Battlegrounds Mobile India developer <a href=\"https:\/\/www.techradar.com\/news\/despite-kraftons-claims-battlegrounds-mobile-india-data-being-sent-to-china-servers\" target=\"_blank\" rel=\"noopener\">Krafton <\/a>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.<\/p>\n<p>According to a tweet from Krafton\u2019s Head of Investments, Anuj Tandon, &#8220;Krafton&#8217;s second investment in India is to back India&#8217;s own game streaming platform &#8211; Loco. Its great to back @anipandita &amp; @ashwinsuresh as Lead investors in their Seed round as they build this rocket ship.&#8221;<\/p>\n<div class=\"see-more see-more--clipped\">\n<blockquote class=\"twitter-tweet hawk-ignore\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Krafton &#8216;s second investment in India is to back India&#8217;s own game streaming platform &#8211; Loco. Its great to back @anipandita &amp; @ashwinsuresh as Lead investors in their Seed round as they build this rocket ship. Photo from better times along with @hisohn(1\/2) https:\/\/t.co\/Pc6msBMKHM pic.twitter.com\/ulSpd2zttG<a href=\"https:\/\/twitter.com\/Anuj_Tandon\/status\/1409340357909696519\" data-url=\"https:\/\/twitter.com\/Anuj_Tandon\/status\/1409340357909696519\">June 28, 2021<\/a><\/p>\n<\/blockquote>\n<p><span class=\"see-more__button\">See more<\/span><\/p>\n<\/div>\n<aside class=\"hawk-placeholder\" data-render-type=\"fte\" data-skip=\"dealsy\" data-widget-type=\"seasonal\"\/>\n<p>This was initially reported by <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-06-27\/indian-game-streaming-startup-loco-gets-krafton-s-backing\" target=\"_blank\" data-url=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-06-27\/indian-game-streaming-startup-loco-gets-krafton-s-backing\" rel=\"noopener\">Bloomberg<\/a>, and is the second round of investments from Krafton in India. In the initial round Krafton had announced that it would invest $100 million in India.\u00a0<\/p>\n<p>Earlier this year Krafton Inc.\u00a0also announced an equity investment of <a href=\"https:\/\/www.techradar.com\/news\/pubg-mobile-india-developer-krafton-just-invested-rs-164-crore-in-nodwin-gaming-and-this-rings-a-lot-of-alarm-bells\" target=\"_blank\" rel=\"noopener\">Rs 164 crore in esports firm Nodwin Gaming<\/a>. And with the present investment, it seems quite clear that the company is trying to curry favour with the players in the Indian gaming ecosystem to ensure a position for Battlegrounds Mobile India.\u00a0<\/p>\n<p>With Battlegrounds Mobile India currently in early access, Krafton has seen problems with the game communicating with Chinese servers, the reason PUBG Mobile was banned.\u00a0<\/p>\n<p>With the reveal of the China data sharing issue, Chairperson of the Parliamentary Committee on India\u2019s Data Protection Bill and BJP Member of Parliament, Meenakshi Lekhi has asked MEITY &#8220;to look into it&#8221; in her tweet. While MEITY had previously clarified that it\u00a0<a href=\"https:\/\/www.techradar.com\/news\/battlegrounds-mobile-india-cant-get-banned-in-india-before-its-launched\" target=\"_blank\" rel=\"noopener\">can&#8217;t ban a game before launch<\/a>\u00a0this new development along with pressure from other\u00a0<a href=\"https:\/\/www.techradar.com\/news\/battlegrounds-mobile-india-ios-version-getting-ready-even-as-threat-of-ban-hovers\" target=\"_blank\" rel=\"noopener\">politicians\u00a0<\/a>might push it over the edge.<\/p>\n<p>This was followed up by an update to the game, which seems to fix the issue of data sharing with China. And Krafton even issued a statement regarding the data-sharing issue assuring that it is &#8220;implementing the industry\u2019s toughest standards for data security&#8221;. Hence Krafton would want to cover all bases before officially launching the game.\u00a0<\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Original by Techradar<a href=\"https:\/\/www.techradar.com\/news\/krafton-invests-dollar9-million-in-the-livestreaming-startup-loco\/\"> &#8211; Click here to read full post <\/a><br \/>\n<br \/>Brought to you by <a href=\"https:\/\/onlinegaminggear.com\">Online Gaming Gear | Best Gear for Best Gaming Experience<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s Head [&#8230;]\n","protected":false},"author":1,"featured_media":2253,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"_links":{"self":[{"href":"https:\/\/onlinegaminggear.com\/wp-json\/wp\/v2\/posts\/2252"}],"collection":[{"href":"https:\/\/onlinegaminggear.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/onlinegaminggear.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/onlinegaminggear.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/onlinegaminggear.com\/wp-json\/wp\/v2\/comments?post=2252"}],"version-history":[{"count":1,"href":"https:\/\/onlinegaminggear.com\/wp-json\/wp\/v2\/posts\/2252\/revisions"}],"predecessor-version":[{"id":2254,"href":"https:\/\/onlinegaminggear.com\/wp-json\/wp\/v2\/posts\/2252\/revisions\/2254"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/onlinegaminggear.com\/wp-json\/wp\/v2\/media\/2253"}],"wp:attachment":[{"href":"https:\/\/onlinegaminggear.com\/wp-json\/wp\/v2\/media?parent=2252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onlinegaminggear.com\/wp-json\/wp\/v2\/categories?post=2252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onlinegaminggear.com\/wp-json\/wp\/v2\/tags?post=2252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}