Indian Startup EloElo Raises $80M From Hornbill Capital and NBCUniversal

India's EloElo has raised $80 million in a Series C round, a standard startup fundraising stage, from Hornbill Capital and NBCUniversal, according to TechCrunch. Total funding reaches $130 million at a $500 million valuation. EloElo runs Story TV, an app for short drama series watched on phones, with over 33 million active users. Founder Saurabh Pandey started the company in 2020.