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EloElo Group raises $80M in Series C led by Hornbill Capital and NBCUniversal

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EloElo Group raises $80M in Series C led by Hornbill Capital and NBCUniversal

EloElo Group, a consumer AI and entertainment company that operates micro-drama platform Story TV, has raised $80 million in a Series C round of funding led by Hornbill Capital and NBCUniversal.

This funding round also saw participation from MIT Investment Co. and existing investors Play Ventures, Kalaari Capital, Waterbridge Ventures, Griffin Gaming Partners and others.

The funding was done at a valuation of $500 million, which is almost a 5X jump from its previous fundraise in April 2025, sources indicated. The new round brings EloElo Group’s total capital raised to $130 million to date.

Bengaluru-headquartered EloElo Group was founded in 2020 by former Flipkart executive Saurabh Pandey and it will use this latest fund raise to fund original content across local languages, launch its micro dramas internationally, and continue investments in Dolphin AI, its proprietary agentic platform.

In an interaction with YourStory, EloElo Group Founder & CEO Saurabh Pandey said, “This funding will expand on our vision and usher in a new era of sorts of mobile entertainment. This entertainment in the form of storytelling has never been solved for the mobile phone.”

Story TV has over 5,000 micro dramas in six languages, a new drama launched every three hours and 95 minutes of time spent per user every day. The group also runs Master (micro learning), Dolphin AI (its agentic AI creative suite) and Voxy AI (an AI companion agent).

Across its apps, EloElo Group has over 40 million monthly active users.

“Story TV shows us what India wants to watch, and Dolphin AI gives us the economics to make it, which is how we have scaled with solid unit economics.


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