EloElo Series C

Indian video platform EloElo has raised $80 million in a Series C follow-on funding round backed by Hornbill Capital and NBCUniversal, bringing its total funding to $130 million at a $500 million valuation. The company's microdrama app, Story TV, currently boasts over 33 million monthly active users and a catalog of more than 5,000 titles across six languages. EloElo will use the new capital to expand its content lineup and scale its footprint in India's booming microdrama market, which is projected to hit $3 billion to $4 billion in annual revenue by 2030.