NBCUniversal, Hornbill Capital Back EloElo, Parent of Indian Microdrama Platform Story TV, in $80 Million Funding Round
TechCrunch
What the coverage says
EloElo Group has raised $80 million in a funding round co-led by NBCUniversal and Hornbill Capital, with participation from MIT Investment Co. and existing backers, as reported by Variety. Variety also detailed that the capital supports the Bengaluru-based company's microdrama platform, Story TV. TechCrunch added that EloElo has attracted over 33 million monthly active users, citing figures from Sensor Tower.
Written by HeadlineShine from 2 outlets' reporting, with AI assistance. Each outlet's own story is listed alongside.
Timeline
- TechCrunch first reported it
- Variety reported it
- Latest update
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