Elo Elo Group is a consumer artificial intelligence and entertainment firm based in Bengaluru. EloElo Group has raised $80 million in a Series C funding round. Hornbill Capital and NBCUniversal co-led the investment. It reflects high confidence in the company’s quick turnaround and novel business operations. Other investors were also active in the round, including current institutional investors Play Ventures, Kalaari Capital, Waterbridge Ventures, and Griffin Gaming Partners. The financing marks the latest addition to EloElo Group’s $130 million total in project financing, including its $13.5 million Series B round raised in April 2025.

Capital allocation and core operational offerings

The capital raised will be directed towards key growth initiatives focused on bolstering the company’s market footprint. Much of the funding will be directed towards development of original content across multiple languages, continued international expansion of its micro drama website Story TV, and increased investments in its proprietary artificial intelligence creative platform Dolphin AI, which embodies agentic AI capabilities. 

Their ownership of the underlying material, distribution networks, and AI-driven production system positions them for a decisive advantage in the rapidly changing world of digital entertainment. Established in 2020 by Flipkart ex-CEO Saurabh Pandey, the EloElo Group runs a diverse portfolio of consumer-facing digital platforms. 

Its main product is Story TV, the largest micro drama television network, currently boasting more than 5,000 stories in 6 languages, producing 120 minutes of active user time daily after only 3 hours of distribution. 

The ecosystem includes Master, a microlearning platform, as well as two companion agents, Dolphin AI and Voxy AI, both of which are advanced artificial intelligence systems. With its extensive range of applications, EloElo Group has crossed more than three hundred million total installations and reached a healthy number of over 40 million monthly active users.

Financial growth and market context

The financial strength of EloElo Group has been impressive, showing revenue growth of multiple times while simultaneously operating with positive unit economics. The firm began monetization in May 2024, posted operating revenue of ₹69.5 crore from losses unchanged in FY25 and FY26 may still be pending. 

The wider micro drama market is experiencing explosive growth globally, with Omdia reporting that values will grow to $14 billion by the end of 2026. 

According to the domestic market estimates by Redseer, 40 million users have paid for micro dramas at least once in FY26, while according to Lumikai, the Indian interactive media market will grow to $4.5 billion by 2030, with EloElo competing against companies such as Kuku TV, ShareChat’s Quick TV, and Pocket FM’s Pocket Saga.

Conclusion

EloElo Group has secured $80 million in a Series C financing round, led by NBCUniversal, Hornbill Capital, and others, representing a transformative milestone as the company continues to expand its consumer AI and entertainment platform. With compelling engagement data on TV Story, innovative AI agency solutions such as Dolphin AI, and a strong commitment to global growth, including the U.S. market, the company is uniquely positioned to take advantage of the growing global demand for micro-daily entertainment. The total fundings amount to $130 million and its profitability metrics are impressive for its ambitious multi-fold revenue model channel, making EloElo Group a leading player in India’s creator economy and consumer AI space.