Private Equity Other Private Equity/Strategic Investments
Live social entertainment platform Eloelo in talks with Hornbill Capital for $60-M
Source Eloelo (opens in a new tab)Economic Times (opens in a new tab)
Bengaluru-based live social entertainment platform Eloelo is in the final stages of closing a funding round of USD 50-60 million, valuing the company at about USD 400 million. The round is led by Hornbill Capital, with participation from existing investors.Eloelo operates a live social entertainment platform and has seen significant expansion in its micro-drama business, Story TV. The company has used performance marketing to scale the platform, which features short, vertically filmed fiction content across genres like romance and thrillers.
Between Jul 2020 and Apr 2025, eloelo had attracted about $ 51 M from Kalaari Capital, MIXI, Play Ventures, Rocket Capital, WestBridge, Courtside Ventures, Griffin Gaming Partners, Lumikai, LogX Ventures, Peak XV Partners, Others.