EloElo raises $80M from NBCUniversal for its Story TV microdramas

EloElo Group, the Bengaluru company behind the Indian microdrama app Story TV, has raised $80 million in a Series C round. Hornbill Capital and NBCUniversal co-led it, the company said in a statement. MIT Investment Co. joined, with existing backers Play Ventures, Kalaari Capital, Waterbridge…