EloElo Group raises $80M Series C led by NBCUniversal and Hornbill

EloElo Group, an operator of microdrama distribution platforms and creative artificial intelligence tools, has raised $80 million in a Series C round co-led by NBCUniversal and Hornbill Capital ^[1].

Other institutional participants joining the financing include MIT Investment Co., Play Ventures, Kalaari Capital, Waterbridge Ventures, and Griffin Gaming Partners ^[1]. The new capital infusion increases cumulative funding for the enterprise to $130 million ^[1].

Founded in 2020 by Saurabh Pandey, the Indian company operates Story TV alongside an internal creative software suite named Dolphin AI ^[1]. The organization focuses on the development of short-form serialized programming tailored for digital viewers, utilizing specialized software to aid the creative production workflow ^[1].

According to the investment details, EloElo Group plans to commit the proceeds toward producing premium original media, introducing Story TV into international consumer markets, strengthening its core engineering around Dolphin AI, and funding ongoing recruitment efforts across technical and creative departments ^[1].

The participation of strategic backer NBCUniversal alongside financial asset managers highlights ongoing cross-border investment interest in serialized mobile programming formats, as media groups look to support digital-first episodic platforms expanding beyond their domestic territories ^[1].