Indian Microdrama Platform Story TV Secures Funding From Global Investors
India-based EloElo Group, which operates the microdrama platform Story TV, announced that it raised $80 million in a funding round backed by participants including NBCUniversal and MIT Investment Co. The financing round, led by Hornbill Capital and NBCUniversal, values the startup at $500 million according to an insider. EloElo stated that the capital will be allocated toward producing original content, expanding its microdrama offerings internationally, and investing in its proprietary Dolphin AI creative suite.
Originally published by CNA | 4 November 2026 | Read original: https://www.channelnewsasia.com/business/nbcuniversal-mit-investment-join-indian-microdrama-firms-80-million-funding-round-6522116
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