India's EloElo Raises $80M Series C from Hornbill Capital and NBCUniversal

India's EloElo has raised $80 million in Series C funding from Hornbill Capital and NBCUniversal, according to TechCrunch. The round brings total fundraising to $130 million at a $500 million valuation. EloElo operates Story TV, a microdrama app with more than 33 million active users. Founder Saurabh Pandey started the company in 2020.