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EloElo Group raises $80 Mn in Series C led by Hornbill Capital, NBCUniversal

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EloElo Group raises $80 Mn in Series C led by Hornbill Capital, NBCUniversal

Bengaluru-based consumer AI and entertainment company EloElo Group has raised $80 million in a Series C funding round led by Hornbill Capital and NBCUniversal. The round also saw participation from MIT Investment Co. and existing investors Play Ventures, Kalaari Capital, Waterbridge Ventures, Griffin Gaming Partners and others.

The fresh capital will be used to fund original content across languages, support the international launch of its micro drama platform Story TV, and expand investments in Dolphin AI, its agentic AI creative suite.

Founded in 2020 by former Flipkart executive Saurabh Pandey, EloElo Group operates Story TV, a micro drama platform, alongside Master, a micro learning platform, Dolphin AI and Voxy AI, an AI companion agent. Story TV offers over 5,000 micro dramas across six languages, with a new drama launched every three hours. The platform records 95 minutes of daily time spent per user, according to the company.

The company owns the content, distribution and AI-powered production engine behind its entertainment business. Across its apps, EloElo Group has over 40 million monthly active users and has crossed 300 million installs.

The latest funding round takes the company's total capital raised to $130 million which includes a $13.5 million Series B round raised in April 2025.

EloElo said it achieved multi-fold revenue growth over the past year and has scaled with profitable unit economics. 5 crore in FY25 , with losses remaining largely flat. Its FY26 results are yet to be filed.



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