From BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)EloElo raises $ 80mn Series C led by Hornbill Capital; eyes US expansion
What's behind this
EloElo Group, the parent of the microdrama platform Story TV, has secured $80 million in a Series C round led by Hornbill Capital and NBCUniversal. The company says the capital will be used to launch original content in local languages, expand into international markets and develop AI platforms.
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center · 2 outlets
EloElo group will use this funding round to launch original content across local languages, foray into international markets and developing AI platforms.
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right · 2 outlets
EloElo Group has successfully raised $80 million in a Series C funding round to expand its AI-driven entertainment ecosystem. The company's focus will be on producing new original content and launching international micro-dramas. With over 40 million active users, EloElo plans to enhance its AI…
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The expansion plans coincide with an $80 million Series C funding round led by Hornbill Capital and NBCUniversal, taking the company’s total capital raised to $130 million
