EloElo eyes global expansion post $80 million fundraise, aims to build ‘Netflix of micro-drama’
EloElo Group, the parent company of micro-drama platform Story TV, has raised $80 million in a Series C funding round led by Hornbill Capital and NBCUniversal, as the Bengaluru-based company looks to expand internationally and build what it sees as the “Netflix of micro-drama”.
The latest round has nearly fivefold increased the company’s valuation to $500 million, according to sources familiar with the development. The fundraise takes EloElo’s total capital raised to $130 million.
