TechCrunch · Ivan Mehta ·

India-based EloElo, whose Story TV microdrama app has 33M+ estimated active users, raised an $80M Series C led by Hornbill Capital and NBCU at a $500M valuation

More than 118 million users watch microdramas every month as the serialized format has taken off in India.

Venture Capital

In this story EloElo Hornbill Capital NBCU Story TV

India-based EloElo, whose Story TV microdrama app has 33M+ estimated active users, raised an $80M Series C led by Hornbill Capital and NBCU at a $500M valuation

Lead Source

TechCrunch — India-based EloElo, whose Story TV microdrama app has 33M+ estimated active users, raised an $80M Series C led by Hornbill Capital and NBCU at a $500M valuation ↗

How this story grew

Coverage · 5 Discussion · 0

6:31 AM10:31 AM UTC

More

Storyboard18: Storyboard18

Entrackr: Entrackr

Moneycontrol: Moneycontrol

Variety: Variety

Related stories

Financial Times: AI video generation startup Higgsfield raised $400M from DST, Goldman Sachs, Liberty Global, Intel, and others at a $5.4B valuation, up from $1.3B in January

CNBC: VFX company DNEG's AI unit Brahma, whose customers include Warner Bros. and the NBA, raised $150M led by Indian PE firm Multiples at a $2B post-money valuation

Bloomberg: Los Angeles-based game studio Gardens Interactive raised a $35M+ Series B led by Lightspeed at a $190M pre-money valuation, taking its total funding to $71M

New York Times: Kalshi raised $1B led by Sequoia and Wellington Management at a $40B valuation, up from a $22B valuation after raising $1B in May, its last raise before an IPO

TechCrunch: Bengaluru-based autonomous drone startup Airbound raised a $37M Series A led by Greenoaks, less than a year after an $8.65M seed, taking total funding to ~$50M

Discuss with AI

ChatGPT ↗ Claude ↗

← Back to TechSnif