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- EloElo
EloElo Revenue, Valuation, Funding & Investors
EloElo is valued at $500M as of November 2026, a 68.2x revenue multiple. EloElo revenue was $7M, as disclosed with its latest round.
Last EloElo valuation
$500M
Series C · Nov 2026
Last EloElo funding round
$80M
Series C · Nov 2026
EloElo revenue
$7M
Series C · Nov 2026
Key investors in EloElo
WaterBridge Ventures
Kalaari Capital
Griffin Gaming Partners
Lumikai
Rocket Capital
Courtside Ventures
About EloElo
EloElo is an India-based social platform specializing in gaming software that incorporates short films and photos to facilitate conversations on health and lifestyle subjects. Users access a digital hub featuring audio and video live chat rooms for real-time interactions with content creators and influencers. The service supports fan engagement through virtual spaces designed for relaxation and direct communication with popular personalities in wellness niches.
Founded
2020
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Advertising
Revenue
$7M (Nov 2026)
Valuation
$500M (Nov 2026)
EloElo Valuation
EloElo is currently valued at $500M, based on its Series C in November 2026. Read the announcement ↗
The $80M round was led by Hornbill Capital Advisers and NBCUniversal, with participation from Griffin Gaming Partners, Kalaari Capital, Play Ventures, WaterBridge Ventures and MIT-INVEST.
EloElo's valuation has grown 4.0x from $125M at its Series B in September 2023 to $500M in November 2026, across 3 priced rounds.
EloElo valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Nov 2026 | Series C | $500M | 68.2x |
| Apr 2025 | Series B | $82M | 3.6x |
| Sep 2023 | Series B | $125M | 5.4x |
EloElo Revenue
EloElo's latest recorded revenue is $7M, as of its Series C in November 2026. At a $500M valuation, that implies a 68.2x revenue multiple.
Revenue moved from $9M in June 2022 to $7M in November 2026.
EloElo revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Nov 2026 | $7M | $500M | 68.2x | Series C |
| Apr 2025 | $23M | $82M | 3.6x | Series B |
| Sep 2023 | $23M | $125M | 5.4x | Series B |
| Jun 2022 | $9M | - | - | Series A |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
EloElo Funding History
EloElo has raised a total of $131M across 6 funding rounds.
EloElo's first fundraising round was a $500K seed round in July 2020. The most recent completed round was a $80M Series C in November 2026.
EloElo funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2026 | Series C | Hornbill Capital Advisers (lead); NBCUniversal (lead); Griffin Gaming Partners; Kalaari Capital; Play Ventures; WaterBridge Ventures; MIT-INVEST | $80M | $500M | EloElo Group raised $80 million in a Series C round at a valuation of $500 million, announced in November 2026. The round was led by Hornbill Capital and NBCUniversal, with participation from MIT Investment Company and existing investors Play Ventures, Kalaari Capital and WaterBridge Ventures. The round brings the company's total fundraising to $130 million. EloElo is a Bengaluru-based entertainment technology company founded in 2020 by former Flipkart executive Saurabh Pandey. Its portfolio includes Story TV, one of the top microdrama apps in India, a learning app, an AI companion app and an AI video tool called Dolphin. The company said it plans to use the funds to expand internationally and scale its microdrama and AI businesses. Griffin Gaming Partners is also listed among its backers. |
| Apr 2025 | Series B | Play Ventures (lead); Griffin Gaming Partners; Courtside Ventures; Kalaari Capital; WestBridge Ventures; WaterBridge Ventures; Rocket Capital; GamesKraft | $13M | $82M | EloElo is a multilingual live social entertainment platform founded in July 2020 by former Flipkart executives Saurabh Pandey and Akshay Dubey, enabling creators to host interactive video and audio live streams, build communities, and monetize through virtual gifts in eight languages. The ad-free, subscription-free platform targets aspirational middle India consumers with real-time community engagement, gamified experiences, live streaming, gaming, and gen-AI tools, competing with platforms like ShareChat, Frnd, and Lokal. EloElo raised $13.5 million (INR 114.3 crore) in its Series B funding round announced on April 10, 2025, led by Play Ventures with participation from Kalaari Capital, MIXI Investments, Gameskraft Technologies, Griffin Gaming Partners, Waterbridge Ventures, Courtside Ventures, and Rocket Capital. This brings total funding to over $50 million, including a prior $22 million round in September 2023 led by Courtside Ventures and Griffin Gaming Partners. Funds will support gen-AI use cases, international expansion into Indian diaspora markets, and revenue scaling. Since launching monetization in May 2024, EloElo achieved a $23 million ARR (INR 200 crore) with 1.5 million paying users and over 20,000 creators earning livelihoods, positioning it as one of India's fastest-growing platforms at this scale. The company has 90 million users and targets a $60 million revenue run rate by year-end 2025 amid India's $25 billion media and entertainment market, where new media segments like esports, gaming, and live streaming contribute $12 billion growing at 16% CAGR. |
| Sep 2023 | Series B | Courtside Ventures (lead); Griffin Gaming Partners (lead); Convivialite Ventures; Kalaari Capital; mixi; WaterBridge Ventures; Rocket Capital; Lumikai | $22M | $125M | Eloelo is an India-based live entertainment and social gaming platform that integrates audio and video live chat rooms with interactive games and shows, connecting millions of users and creators through gamified live streaming experiences. The Bengaluru-based company raised $22 million in a pre-Series B round on September 20, 2023, co-led by Courtside Ventures and Griffin Gaming Partners, with participation from existing investors including Waterbridge Ventures, Lumikai Fund, Kalaari Capital, Convivialite Ventures, Rocket Capital, and new investor MIXI Inc. This brought total funding to $37.5 million following a $13 million Series A in June 2022. The round occurred at a primary infusion valuation of $100-150 million. Funds are earmarked for partnering with more creators, developing AI and AR tools, hiring tech and product talent, and bolstering revenue generation and monetization strategies. At the time, Eloelo reported about 37 million users and 120,000 creators, with projections for 55-60 million users and 200,000 creators by FY2023-24 end. The app supports six languages and targets Tier II/III audiences with hybrid AI-manual moderation for safety. Investors highlighted Eloelo's innovation in interactive social networking for young Indians, transforming live streams via gamification into highly engaging experiences. Courtside Ventures noted its pioneering role in entertainment, while Griffin Gaming Partners praised its community growth to nearly 40 million users. Waterbridge Ventures, an early backer, emphasized its evolution from live gaming to a multi-format social platform. The company competes in India's live streaming and social entertainment space with players like ShareChat, Lokal, and others. |
| Jun 2022 | Series A | Kalaari Capital (lead); KB Investment (lead); Convivialite Ventures; WaterBridge Ventures; Rocket Capital; Lumikai | $13M | - | EloElo is a Bengaluru-based live social entertainment platform and social commerce firm founded in 2020 by former Flipkart executives Saurabh Pandey and Akshay Dubey. The platform enables interactive live streaming with social games, targeting first-time internet users and creators in India to build direct fan relationships and monetize offerings. It had crossed 3.5 million users and 40,000 creators by mid-2022, growing at 40% month-over-month. EloElo raised $13 million (around Rs 100 crore or ₹1B) in its Series A round on June 2, 2022, co-led by Kalaari Capital and KB Investments, with participation from existing investors WaterBridge Ventures and Lumikai, plus Convivialité Ventures and Rocket Capital. The funds were allocated to scale tech, product, and content teams, foster creator partnerships, improve monetization strategies, and expand the platform's features and user base. This followed a seed round of $2.1M in July 2021 led by Lumikai and WaterBridge. Post-Series A, EloElo continued fundraising, securing a $22M round in September 2023 from Courtside Ventures and Griffin Gaming Partners at a $100-150M valuation, followed by additional Series B funding of $13.5M in 2023-2025 involving some prior investors. |
| Jul 2021 | Seed | Lumikai (lead); WaterBridge Ventures (lead); Exceed Entertainment; Better Capital | $2M | - | - |
| Jul 2020 | Seed | WaterBridge Ventures (lead) | $500K | - | - |
Who has invested in EloElo?
17 investors have backed EloElo across its funding rounds, including WaterBridge Ventures, Kalaari Capital, Griffin Gaming Partners, Lumikai, Rocket Capital and Courtside Ventures.
Lead investors include Hornbill Capital Advisers, NBCUniversal, Play Ventures, Courtside Ventures, Griffin Gaming Partners and 4 other investors.
EloElo Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 6 | Lead | Jul 2020 | ||
| 4 | Lead | Jun 2022 | ||
| 3 | Lead | Sep 2023 | ||
| 3 | Participant | Jun 2022 | ||
| 3 | Lead | Jul 2021 | ||
| 2 | Lead | Sep 2023 | ||
| 2 | Participant | Jun 2022 | ||
| 2 | Lead | Apr 2025 | ||
| 1 | Lead | Jun 2022 | ||
| 1 | Participant | Jul 2021 | ||
| 1 | Participant | Apr 2025 | ||
| 1 | Lead | Nov 2026 | ||
| 1 | Participant | Sep 2023 | ||
This data is available for Pro users. Sign up to see all 17 EloElo investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialEloElo Competitors
EloElo competitors include listed companies like DouYu and Hello Group, and private ones like Hallow, SoundCloud, OneFootball and Quora.
| Company | HQ | Status | Revenue | EBITDA | Valuation |
|---|---|---|---|---|---|
| Private | - | - | $465M | ||
| Private | - | - | $700M | ||
| Private | - | - | $1B | ||
| Publicly listed | $573M | ($5M) | $118M | ||
| Private | $190M | - | $500M | ||
| Publicly listed | $1.6B | $216M | $661M |
EloElo Public Comps
EloElo is still privately-owned, but its public comps include HUYA, Network18 Media & Investments, Viaplay, TVZone Media, Cover, Bemobi, Zee Entertainment, AMC Global Media, Hello Group and Dear U.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $976M | ($27M) | 0.1x | 0.1x | (5.3x) | 10.1x | |||
| $217M | $51M | 3.6x | - | 15.1x | - | |||
| $1.8B | ($40M) | 0.6x | 0.5x | (28.2x) | 9.7x | |||
| $51M | $6M | 8.2x | - | 69.5x | - | |||
| $312M | $34M | 1.7x | 1.7x | 16.0x | 8.6x | |||
| $309M | $48M | 1.1x | 2.1x | 7.0x | 6.1x | |||
| $859M | $44M | 0.4x | 0.4x | 7.7x | 6.4x | |||
| $2.3B | $1.2B | 0.7x | 0.7x | 1.4x | 4.0x | |||
This data is available for Pro users. Sign up to see all EloElo competitors and their valuation data. Start Free Trial | ||||||||
Common questions about EloElo
| When was EloElo founded? | EloElo was founded in 2020. |
| Where is EloElo headquartered? | EloElo is headquartered in Bangalore, India. |
| Is EloElo publicly listed? | No, EloElo is a private, VC-backed company. |
| What is EloElo's valuation? | EloElo was last valued at $500M in its Series C in November 2026. |
| How much funding has EloElo raised? | EloElo has raised $131M across 6 funding rounds. |
| What was EloElo's last funding round? | EloElo's last funding round was a $80M Series C in November 2026, led by Hornbill Capital Advisers and NBCUniversal. |
| Who are EloElo's investors? | EloElo's investors include WaterBridge Ventures, Kalaari Capital, Griffin Gaming Partners, Rocket Capital, Lumikai, Courtside Ventures, Convivialite Ventures, Play Ventures, KB Investment, Exceed Entertainment and 7 others. |
| What is EloElo's revenue? | EloElo's latest recorded revenue is $7M (November 2026). |
| What is EloElo's revenue multiple? | EloElo's latest valuation implies a 68.2x revenue multiple ($500M valuation on $7M of revenue). |
| Which companies are comparable to EloElo? | Companies comparable to EloElo include Hallow, SoundCloud, OneFootball, DouYu, Quora and Hello Group. |
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