India also loves binge-watching micro-dramas, and Indian consumer AI company EloElo completes $80 million Series C round

TechFlow news, November 4: According to Tech in Asia, Indian consumer AI and entertainment company EloElo Group (parent of micro-drama app Story TV) announced it has closed an $80 million Series C round, bringing total funding raised to $130 million. The round was led by Hornbill Capital and NBCUniversal, with participation from existing investors including MIT Investment Co., Play Ventures, Kalaari Capital, Waterbridge Ventures, and Griffin Gaming Partners.

Micro-dramas are becoming increasingly popular in India, and competitor Kuku TV also offers short-form series.

Source: TechFlow