{
  "id": 18073428,
  "title": "EloElo Group Bags $80 Mn From NBCUniversal, Others To Take Its Microdrama Biz Global",
  "url": "https://urgent.news/2026/11/04/eloelo-group-bags-80-mn-from-nbcuniversal-others-to-take-its",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-04T05:15:28.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/eloelo-group-bags-80-mn-to-take-its-microdrama-biz-global/"
  },
  "original_language": "en",
  "account": "EloElo Group, the parent company of microdrama platform Story TV, has secured $80 million in Series C funding led by NBCUniversal and Hornbill Capital. The round attracted participation from MIT Investment Co. and other existing investors such as Play Ventures, Kalaari Capital, Waterbridge Ventures and Griffin Gaming Partners. EloElo will utilize the fresh capital to enhance premium original content in Indian languages, broaden Story TV's reach to international markets, and bolster its AI capabilities through Dolphin AI, its freshly launched AI creative platform. Established in 2020 by former Flipkart executive Saurabh Pandey, EloElo operates four products including Story TV, Master (microlearning platform), Dolphin AI, and Voxy AI (an AI companion agent). Story TV leads EloElo's portfolio with over 5,000 microdramas in six languages, boasting more than 40 million monthly active users and more than 300 million app installs. In a conversation with Inc42, Pandey shared plans to augment the content lineup by partnering with established studios and testing AI-generated and hybrid microdramas. Currently collaborating with around 90 production studios, including Indian powerhouse Balaji Telefilms, EloElo intends to expand Story TV's footprint through market identification and local talent collaboration. Moreover, the company will focus on expanding Dolphin AI's offerings for video, image, and longer-form AI content creation, employing a team of around 200 individuals, with 8-10 dedicated to Dolphin AI. With the latest funding, EloElo Group has raised a total of $130 million. The capital raise arrives amidst surging interest in microdrama format, which is projected to generate $14 billion in revenue by the end of 2026, as per a report.",
  "summary": "Microdrama platform Story TV’s parent EloElo Group has raised $80 Mn (nearly ₹756 Cr) in a Series C funding round…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}