EloElo Group Secures $80 Million Series C Led by NBCUniversal, Hornbill

4 Nov 2026, 10:45 am · 21h ago · 1 min read · Inc42

Amount

$80M

Stage

Series C

Lead

NBCUniversal

Bengaluru-based EloElo Group, parent of microdrama app Story TV, has raised $80 million (around ₹756 crore) in a Series C round co-led by NBCUniversal and Hornbill Capital. The funding round also saw participation from MIT Investment Co., Play Ventures, Kalaari Capital, WaterBridge Ventures, and Griffin Gaming Partners. Founded in 2020 by Saurabh Pandey, EloElo plans to deploy the capital to expand Story TV internationally, invest in premium multi-language content, and advance its Dolphin AI creative suite. The company claims over 40 million monthly active users and more than 300 million total app installs across products.