India’s EloElo raises $80M from NBCUniversal and Hornbill for Story TV
EloElo Group, the Bengaluru-based company behind Story TV, a short-form drama application, closed an $80 million Series C funding round co-led by Hornbill Capital and NBCUniversal. MIT Investment Co. participated alongside existing investors Play Ventures, Kalaari Capital, Waterbridge Ventures, and Griffin Gaming Partners. The round reflects investor confidence in the Indian microdrama content market.
Key points
- $80M Series C for Bengaluru-based Story TV microdrama app
- Co-led by Hornbill Capital and NBCUniversal
- Four former BBC employees founded platform; now has 250+ journalists
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