NBCUniversal, Hornbill Capital Back EloElo, Parent of Indian Microdrama Platform Story TV, in $80 Million Funding Round
Summary
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 alongside existing backers Play Ventures, Kalaari Capital, Waterbridge Ventures and Griffin Gaming Partners, among others. The raise takes EloElo’s total funding to
Description from Variety.
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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.
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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 alongside existing backers Play Ventures,...
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