India's gaming startup Loco gets $42 mn from South Korea's Hashed, others

India’s Loco has raised $42 million led by South Korea’s early-stage venture fund, Hashed, as a gaming frenzy takes hold in the country of nearly 1.4 billion people.

New investors including Makers Fund, outsourcing billionaire Narayana Murthy’s Catamaran Ventures, and Korea Investment Partners participated in the Series A round, along with existing investors such as Krafton Inc., Lumikai Ltd. and Hiro Capital, the live-streamed games company said in an announcement on Thursday.  

The capital infusion will take the two-year-old startup’s valuation to about $200 million, said two people familiar with the deal who didn’t want to be named. A spokeswoman for Loco