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Deal Corner

Loco Redwood

Loco Redwood

Acted as the legal counsel for Loco, an Indian game streaming platform, in its sale of majority stake to Redwood, a technology-focused investment company based in the UAE. Loco was backed by marquee investors such as South Korean gaming giant Krafton, crypto venture capital firm Hashed, Catamaran Ventures, Makers Fund, Lumikai, Korea Investment Partners and Hiro Capital. The USD 65 million transaction involved a mix of primary and secondary investment and provided a full exit for Loco’s existing investors. This investment will enable Loco to expand into international markets and enter into new partnerships with major gaming companies, esports athletes, and streamers.

NISHANT SINGH SAKSHAM MADAN SILPI JAIN MAITRI MEGHANI RAHUL LAL

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Caution Notice

This caution notice is being addressed on behalf of our Firm, Luthra and Luthra Law Offices India.

The general public is hereby cautioned that certain unknown individuals have been trying to mislead the public by issuing emails / letters and other statement / correspondence by unauthorisedly using our Firm's name and logos i.e., Luthra and Luthra, Luthra and Luthra Law Offices, Luthra and Luthra Law Offices India, etc. whilst wrongfully claiming to be part of our Firm and making false claims and allegations. These individuals are also impersonating the Firm by creating fake email addresses and Facebook page while using the LUTHRA marks.

Please be advised that any person corresponding with such individuals in any manner whatsoever will be doing so at their own risk, as to costs and consequences. The Firm strongly recommend that no one should respond to such solicitations, and we will not accept any liability whatsoever for any loss that the general public may incur owing to transactions made with such unknown individuals and agencies making false claims.

All official emails from our Firm are sent from Firm's official email address ending with @luthra.com and not from any other email addresses.

In case anyone come across any such fraudulent activity, kindly report the same to our centralised email address at delhi@luthra.com so that appropriate action may be taken.

Luthra and Luthra Law Offices India

1st and 9th floor, Ashoka Estate,

24, Barakhamba Road,
New Delhi-110 001

Contact: delhi@luthra.com

T: +91 11 4121 5100

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