EloElo Raises 80 Million in Funding
India microdrama platform Story TV parent EloElo secured eighty million dollars in a funding round backed by NBCUniversal and MIT Investment. The financing values the startup at five hundred million dollars and will support international expansion.
India's EloElo Group raised $80M in a funding round backed by the United States entertainment group NBCUniversal and MIT Investment Co. The financing values the microdrama platform's parent company at $500M, according to a person with direct knowledge of the matter. Microdramas are expanding rapidly worldwide as investors target high-growth digital entertainment markets.
