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India's EloElo raises $80M for Story TV platform
Original: India’s EloElo raises $80M from NBCUniversal and Hornbill for Story TV
Indian company EloElo has raised $80 million in funding from NBCUniversal and Hornbill to develop its Story TV offering. The investment links two Western backers with an Indian television venture, drawing attention to growing interest in India's entertainment and streaming market. Further details about the platform's plans or the funding terms were not immediately available.
Why now: A major funding round involving big-name investors in India's media sector is newsworthy to tech and business audiences.
EloEloNBCUniversalHornbillIndiaStory TV
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