From Dealroom · · 40s
Eloelo Raises $80M to Chase Microdrama Boom
Eloelo's $80 million Series C funding at $500 million valuation fuels India's microdrama surge.
In brief
Eloelo's $80 million Series C funding at $500 million valuation fuels India's microdrama surge. Bengaluru-based Eloelo raised $80 million in Series C funding led by Hornbill Capital and NBCUniversal, valuing the company at $500 million to scale its Story TV app with over 33 million active users in India. Originally…
Funding Round
Bengaluru-based Eloelo raised $80 million in Series C funding led by Hornbill Capital and NBCUniversal.
Valuation and Funding
The round values Eloelo at $500 million, bringing total funding to $130 million.
Market Opportunity
India's microdrama market has over 118 million monthly users and analysts expect $3, 4 billion annual revenue.
The main idea
Bengaluru-based Eloelo raised $80 million in Series C funding led by Hornbill Capital and NBCUniversal, valuing the company at $500 million to scale its Story TV app with over 33 million active users in India.
