EloElo eyes global expansion post $80 million fundraise, aims to build ‘Netflix of micro-drama’
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓EloElo Group raised $80 million in a Series C funding round led by Hornbill Capital and NBCUniversal.
- ✓The Bengaluru-based company plans to use the funds to expand internationally and build the “Netflix of micro-drama.” It reported 40 million monthly active users and uses AI to boost its production efficiency.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Synopsis
EloElo Group, the parent company of Story TV, successfully raised $80 million in a Series C funding round. The funding round was led by Hornbill Capital and NBCUniversal, significantly increasing the company's valuation. EloElo aims to enhance its micro-drama platform and expand into international markets. The company reported substantial user growth and high production efficiency using AI technology.
EloElo Group, the parent company of micro-drama platform Story TV, has raised $80 million in a Series C funding round led by Hornbill Capital and NBCUniversal, as the Bengaluru-based company looks to expand internationally and build what it sees as the “Netflix of micro-drama”.
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The Economic Times
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