EloElo Group Secures $80 Million for International Expansion
India-based EloElo Group has raised $80 million in Series C funding to scale its micro-drama platform and advance its proprietary AI creative suite.
EloElo Group, the parent company of micro-drama platform Story TV, has completed an $80 million Series C funding round led by NBCUniversal and Hornbill Capital. The company intends to deploy these funds to expand its content operations internationally and enhance its AI infrastructure, specifically through its Dolphin AI creative suite.
Founded in 2020, EloElo Group maintains a portfolio that includes micro-drama, micro-learning, and AI-powered creative tools. CEO Saurabh Pandey stated that the company seeks to manage the entire entertainment value chain by combining high-quality studio production with AI-assisted content generation. The company currently collaborates with over 90 production studios to supply content across six languages.
This latest capital injection brings the group's total funding to $130 million. The company plans to scale its engineering and data science teams to meet increasing demand in the global micro-drama sector, a market segment projected to reach $14 billion in revenue by 2026.