EloElo Group Secures $80 Mn in Series C Funding Led by Hornbill Capital and NBCUniversal

The investment was led by Hornbill Capital and NBCUniversal, with participation from MIT Investment Co.

Existing investors, including Play Ventures, Kalaari Capital, Waterbridge Ventures and Griffin Gaming Partners, also participated in the round.

How Will EloElo Group Use the Funding?

EloElo Group plans to use the fresh capital to expand its entertainment and AI businesses. A major focus will be investing in original content for Story TV, its short-format microdrama platform.

The company also plans to expand Story TV into international markets, including the US. Its content strategy includes regional-language shows, live-action productions and AI-generated programmes.

A portion of the funding will also support the development of Dolphin AI, the company's agentic AI platform for creative content production.

About Story TV and EloElo Group's Platforms

Founded in 2020 by former Flipkart executive Saurabh Pandey, EloElo Group operates consumer entertainment, learning and AI platforms.

Its main platform, Story TV, offers short-format dramas designed for mobile users. The platform has more than 5,000 microdramas across six languages and releases new content every three hours.

The company also operates Master, a micro-learning platform; Dolphin AI, an AI-powered creative suite; and Voxy AI, an AI companion agent.

According to the company, its platforms have more than 40 million monthly active users and over 300 million app installs.

Business Growth and Previous Funding

EloElo Group has reported an increase in user engagement on Story TV. Daily time spent per user has reached 95 minutes, compared with 65–70 minutes a few months earlier.

The company started monetising its platforms in May 2024 and reported revenue of ₹69.5 crore in FY25. It has also reported multi-fold revenue growth over the past year.

About EloElo Group

EloElo Group is a Bengaluru-based consumer entertainment and AI company founded in 2020 by Saurabh Pandey. The company operates Story TV, Master, Dolphin AI and Voxy AI across mobile entertainment, micro-learning and AI-powered content creation.

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