India’s EloElo nabs $80M from NBCUniversal to bet on the country’s rising microdrama market

India-based microdrama platform EloElo has raised $80 million in a Series C funding round led by Hornbill Capital and NBCUniversal, bringing its total fundraising to $130 million at a $500 million valuation. The company operates the Story TV app, which features a catalog of over 5,000 titles and serves millions of monthly active users. EloElo plans to use the capital to produce original titles and expand its AI research team, including the broader rollout of its DolphinTV video creation tool. Open article →