EloElo raised $13.5m Series B led by Play Ventures in April 2025
The financing backed AI creator tools, new product features and expansion of the live entertainment platform.
EloElo announced a $13.5 million Series B on 10 April 2025, led by Play Ventures. Other backers included Kalaari Capital, MIXI Investments, Gameskraft Technologies, Griffin Gaming Partners, WaterBridge Ventures, Courtside Ventures and Rocket Capital.
At the time, the Bengaluru company operated a live social entertainment platform where creators hosted interactive video and audio streams in Indian languages. Micropayments and virtual gifting supported creator monetisation.
EloElo planned to invest in product features, AI tools for creators and new markets, including Indian diaspora audiences abroad. The company said it had raised more than $50 million in total after the round.
This April 2025 financing preceded EloElo’s $80 million Series C announced in November 2026. It represents a separate earlier investment.
Use of funds
New market expansion
AI creator tools
Product development and Indian diaspora expansion