EloElo Group Raises $80M Series C at $500M Valuation

4 Nov 2026, 10:46 am · 21h ago · 1 min read · YourStory

Amount

$80M

Stage

Series C

Lead

Hornbill Capital

Bengaluru-based consumer AI and entertainment startup EloElo Group has raised $80 million in a Series C funding round led by Hornbill Capital and NBCUniversal. The round valued the company at $500 million, a 5X surge from its prior valuation, taking total funding to $130 million. Investors MIT Investment Co., Play Ventures, Kalaari Capital, Waterbridge Ventures, and Griffin Gaming Partners participated. Founded in 2020 by Saurabh Pandey, EloElo operates micro-drama platform Story TV, micro-learning app Master, agentic suite Dolphin AI, and companion agent Voxy AI. The capital will fund international expansion and original multilingual content.