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

EloElo Overview

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

IndiaBangalore

Website

eloelo.in

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
EloElo valuation by funding round
DateStageValuationRevenue Multiple
Nov 2026Series C$500M68.2x
Apr 2025Series B$82M3.6x
Sep 2023Series B$125M5.4x

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

EloElo revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Nov 2026$7M$500M68.2xSeries C
Apr 2025$23M$82M3.6xSeries B
Sep 2023$23M$125M5.4xSeries 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

EloElo funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2026Series CHornbill Capital Advisers (lead); NBCUniversal (lead); Griffin Gaming Partners; Kalaari Capital; Play Ventures; WaterBridge Ventures; MIT-INVEST$80M$500MEloElo 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 2025Series BPlay Ventures (lead); Griffin Gaming Partners; Courtside Ventures; Kalaari Capital; WestBridge Ventures; WaterBridge Ventures; Rocket Capital; GamesKraft$13M$82MEloElo 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 2023Series BCourtside Ventures (lead); Griffin Gaming Partners (lead); Convivialite Ventures; Kalaari Capital; mixi; WaterBridge Ventures; Rocket Capital; Lumikai$22M$125MEloelo 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 2022Series AKalaari 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 2021SeedLumikai (lead); WaterBridge Ventures (lead); Exceed Entertainment; Better Capital$2M--
Jul 2020SeedWaterBridge 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

Investors in EloElo by funding rounds participated
InvestorHQRoundsRoleFirst check
WaterBridge VenturesIndiaNew Delhi6LeadJul 2020
Kalaari CapitalIndiaBangalore4LeadJun 2022
Griffin Gaming PartnersUnited StatesSanta Monica3LeadSep 2023
Rocket CapitalNetherlandsAmsterdam3ParticipantJun 2022
LumikaiIndiaNew Delhi3LeadJul 2021
Courtside VenturesUnited StatesNew York City, NY2LeadSep 2023
Convivialite VenturesUnited StatesSan Francisco, CA2ParticipantJun 2022
Play VenturesSingaporeSingapore2LeadApr 2025
KB InvestmentSouth KoreaSeoul1LeadJun 2022
Exceed EntertainmentIndiaMumbai1ParticipantJul 2021
WestBridge VenturesIndiaBangalore1ParticipantApr 2025
Hornbill Capital AdvisersIndiaMumbai1LeadNov 2026
mixiJapanTokyo1ParticipantSep 2023

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EloElo Competitors

EloElo competitors include listed companies like DouYu and Hello Group, and private ones like Hallow, SoundCloud, OneFootball and Quora.

Public and private companies comparable to EloElo
CompanyHQStatusRevenueEBITDAValuation
HallowUnited StatesChicago, ILPrivate--$465M
SoundCloudGermanyBerlinPrivate--$700M
OneFootballGermanyBerlinPrivate--$1B
DouYuChinaChinaPublicly listed$573M($5M)$118M
QuoraUnited StatesSan Francisco, CAPrivate$190M-$500M
Hello GroupChinaChinaPublicly 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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
HUYA$976M($27M)0.1x0.1x(5.3x)10.1x
Network18 Media & Investments$217M$51M3.6x-15.1x-
Viaplay$1.8B($40M)0.6x0.5x(28.2x)9.7x
TVZone Media$51M$6M8.2x-69.5x-
Cover$312M$34M1.7x1.7x16.0x8.6x
Bemobi$309M$48M1.1x2.1x7.0x6.1x
Zee Entertainment$859M$44M0.4x0.4x7.7x6.4x
AMC Global Media$2.3B$1.2B0.7x0.7x1.4x4.0x

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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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