EloElo Raises $80 Million in Series C Funding
Hornbill Capital and NBCUniversal led the Series C round for the microdrama company.
Key Takeaways
- EloElo raised $80 million in a Series C round.
- Hornbill Capital and NBCUniversal led the round.
- MIT Investment Co. joined as a new investor.
- EloElo has now raised $130 million in total.
- Story TV has over 5,000 microdramas in six languages.
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EloElo has raised $80 million in a Series C round led by Hornbill Capital and NBCUniversal. The Bengaluru-based company runs the microdrama platform Story TV.
MIT Investment Co. joined the round as a new investor. Existing investors Play Ventures, Kalaari Capital, Waterbridge Ventures and Griffin Gaming Partners also took part. With this round, EloElo has raised $130 million in total.
EloElo funding at a glance
| Detail | EloElo |
|---|---|
| Amount | $80 million |
| Round | Series C |
| Lead investors | Hornbill Capital and NBCUniversal |
| Other investors | MIT Investment Co., Play Ventures, Kalaari Capital, Waterbridge Ventures, Griffin Gaming Partners |
| Total raised so far | $130 million |
| City | Bengaluru |
What EloElo does
EloElo runs Story TV, a platform for microdramas. Story TV has more than 5,000 microdramas in six languages.
The company also runs Master, a microlearning platform, Dolphin AI, an AI creative suite, and Voxy AI, an AI companion agent. EloElo says it has over 40 million monthly active users and more than 300 million installs across its apps.
EloElo's journey from 2020 to an $80 million Series C
| When | Milestone |
|---|---|
| 2020 | Saurabh Pandey, a former Flipkart executive, founds EloElo |
| April 2025 | EloElo raises $13.5 million in a Series B led by Play Ventures |
| November 2026 | EloElo raises $80 million in a Series C led by Hornbill Capital and NBCUniversal |
Where EloElo stands after its Series C
EloElo has raised $130 million since it was founded in 2020. Story TV has more than 5,000 microdramas in six languages, and the company says it has over 40 million monthly active users.
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Frequently Asked Questions
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What is Master?
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What is Dolphin AI?
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