NBCUniversal, Hornbill Capital Back EloElo, Parent of Indian Microdrama Platform Story TV, in $80 Million Funding Round
NBCUniversal and India-focused investment firm Hornbill Capital have co-led an $80 million Series C round in EloElo Group, the Bengaluru-based company behind Indian microdrama platform Story TV. MIT Investment Co. joined the round...
Lean: Leans left
Fact-focusedFactuality: HighCountry: United StatesFunding: CorporateOwner: Penske Media Corporation
Livemint EloElo Group raises $80 mn from Hornbill Capital, NBCUniversal, MIT, others
The company will use the proceeds to develop new original content in regional languages, expand its microdrama offerings into international markets and continue investing in Dolphin AI, alongside other business initiatives.
Lean: Center Fact-focusedCountry: IndiaFunding: CorporateOwner: Independent
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Funding
Corporate
Countries
United States
India
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Penske Media Corporation
Independent
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Truth score: 57 (Limited corroboration)
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Reliability: 78
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