EloElo Raises $80M Series C from Hornbill Capital, NBCUniversal

India's EloElo has raised $80 million in Series C funding from Hornbill Capital and NBCUniversal, according to TechCrunch. The round takes total funding to $130 million at a $500 million valuation. EloElo operates Story TV, a microdrama app (short serial videos built for phone viewing) with over 33 million active users. Founder Saurabh Pandey launched the company in 2020.