EloElo Group raises $80M in Series C led by Hornbill Capital and NBCUniversal

EloElo Group, a Bengaluru-based consumer AI and entertainment company, has secured $80 million in a Series C funding round. The investment was led by Hornbill Capital and NBCUniversal, with participation from MIT Investment Co. and a host of other existing investors. The funding brings the company's total capital raised to $130 million to date.

The Series C round was valued at $500 million, marking a significant 5X increase from EloElo Group's previous fundraising round in April 2025. The additional funds will be utilized to produce original content in local languages, launch micro dramas internationally, and further invest in Dolphin AI, the company's proprietary agentic platform.

EloElo Group, founded in 2020 by former Flipkart executive Saurabh Pandey, operates Story TV, a micro-drama platform that currently features over 5,000 micro dramas in six languages. The platform introduces a new drama every three hours and has garnered an average of 95 minutes of user engagement daily. EloElo Group aims to revolutionize mobile entertainment by providing innovative storytelling solutions on mobile devices.