From Variety · Naman Ramachandran · · 50s
NBCUniversal and Hornbill Capital Back EloElo in $80 Million Funding Round
NBCUniversal and Hornbill Capital lead $80 million Series C funding for EloElo, parent of Indian microdrama platform Story TV.
In brief
NBCUniversal and Hornbill Capital lead $80 million Series C funding for EloElo, parent of Indian microdrama platform Story TV. NBCUniversal and Hornbill Capital co-led an $80 million Series C funding round for EloElo, the Bengaluru-based company behind Story TV, bringing total funding to $130 million. Originally…
Funding Round Announcement
NBCUniversal and Hornbill Capital co-led an $80 million Series C round in EloElo Group, the Bengaluru-based company behind Indian microdrama platform Story TV.
Total Funding Amount
The raise takes EloElo’s total funding to $130 million with MIT Investment Co. joining existing backers.
Financial Advisors
Avendus Capital served as sole financial advisor on the deal for the $80 million Series C round.
The key point
NBCUniversal and Hornbill Capital co-led an $80 million Series C funding round for EloElo, the Bengaluru-based company behind Story TV, bringing total funding to $130 million.
