Drag

Let’s get in touch

Schedule a meeting with our Expert to discuss your needs and explore tailored software solutions.

Support center +91 9825 122 840

Logo
About

About Us

Rejoicehub LLP, a prominent offshore IT outsourcing firm, was established in 2019 and has been making remarkable strides in the IT sector.Our dedicated team of over 100 professionals is our greatest asset. Our unwavering commitment to excellence has made us a highly sought-after company globally. We prioritize understanding our clients perspectives to enhance their product development process. Our adept professionals are capable of providing top-notch solutions. We promise our clients to bring their unique ideas to the market in a more user-friendly manner. Punctuality is a cornerstone of our work philosophy, and we prioritize delivering exceptional quality.

Services

services

Career

Career

We offer careers, not jobs

Becoming a part of Rejoicehub LLP could mark a significant turning point in your life, offering numerous benefits along the way. Its a second home where teamwork is prioritized to achieve our shared objective - continuous evolution with cutting-edge technologies while ensuring the well-being of our most treasured resources, our employees. Embrace the Positive Vibes and the significance of maintaining a healthy Work-life Harmony by collaborating with us.

SOLUTIONS

SOLUTIONS

Case Study

Explore Our Trending Case studies

Visualize yourself being in the place of those clients who are talking about their problems, victories and how our IT solutions was very important for them. From showing how workflow optimization or cybersecurity reinforcement can be implemented through a case study approach to explaining that collaboration and innovation is able to overcome any difficulty.

Technology

Technology

Starterkit

Starterkit

Blogs

Our Blogs

Our blog is packed with valuable resources to keep you ahead of the curve. Explore industry trends, discover hidden tech hacks, and gain expert insights to optimize your operations and stay on top of the latest advancements.

Contact

Let’s get in touch

Great! We are excited to hear from you and lets start something special together. call us for any inquiry.

At Rejoicehub LLP, we are deeply passionate about creative problem-solving, innovative thinking, and pushing the boundaries of brands. With each client, we bring forward a commitment to forward-thinking solutions that drive success in the digital age.

Indian game streaming startup Loco sells majority stake to Redwood

Date September 27, 2024

Writen by Manish Singh

newsImage

UAE-based Redwood has acquired a majority stake in the game streaming platform Loco as the Indian firm looks to expand focus to international markets, TechCrunch has learned and confirmed.

Redwood, a newly formed investment firm, has signed a $65 million deal with Loco, an investment that also gives full exit to all existing Loco backers.

This valuation drop from Loco’s nearly $150 million peak in 2022 reflects broader struggles among Indian esports streaming firms to generate revenue, a challenge partly attributed to the limited number of popular games in the market.

Loco now sees a much larger opportunity outside of India, and the new deal will fuel its “global expansion efforts,” the startup told TechCrunch.

“This investment is a recognition of the immense work done by our team in the past few years,” Loco founders Anirudh Pandita and Ashwin Suresh told TechCrunch in a joint statement.

“Gaming is an integral part of the cultural zeitgeist globally, and we look forward to building a platform that is at the heart of this global movement. Livestreaming enables authentic connection in a way that other mediums can’t match, and we want to put the fan at the center of this experience.”

The deal follows the sale of Loco’s sister property Pocket Aces, which sold a majority stake in a $40 million deal to Indian music label giant Saregama earlier this year.

Backed by investors, including Catamaran Ventures, Krafton, and Hashed, Loco aims to build a Twitch-like platform and serve markets where either the Amazon-owned service hasn’t expanded to or has weak penetration. On its platform today in the Indian market, gamers stream titles such as Grand Theft Auto V; Call of Duty: Infinite Warfare; Battlegrounds Mobile India; Free Fire; and Valorant.

Streamers on the platform earn revenue through virtual goods purchased by viewers. The startup struck licensing deals with several game publishers, including Krafton, Activision, and Riot, based on what a 2022 pitch deck for investors described as a “first-mover advantage.”

Work with us

We would love to hear more about your project