# Eloelo Raises $80M to Chase Microdrama Boom

> Eloelo's $80 million Series C funding at $500 million valuation fuels India's microdrama surge.
- Title: Eloelo Raises $80M to Chase Microdrama Boom · Dealroom
- Summary: 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…
- Keywords: eloelo, story tv, microdrama, series c, hornbill capital, nbcuniversal, india, funding, Dealroom
- Source: Dealroom — https://dealroom.co/news/169445-indias-eloelo-raises-80m-at-500m-valuation-to-chase-microdrama-boom
- Published: 2026-11-04T05:13:42+00:00
- Read time: 1 min
- Topics: eloelo, story tv, microdrama, series c, hornbill capital, nbcuniversal, india, funding, startups, business
## 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.
## Key takeaway

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.