We are glad to announce that Lumikai portfolio company Eloelo has raised a follow-on Pre Series B round of $22Mn, led by Courtside Ventures and Griffin Gaming Partners. We continue to support Saurabh and team Eloelo with our co-investment in this round, alongside investors MIXI, Waterbridge Ventures, Kalaari Capital, Convivalite Ventures, and Rocket Capital.
We are glad to have witnessed the growth journey of the company from the passenger seat since its early days.
Over the last two years, Eloelo has defined digital third places for the new-age Indian through their social live stream entertainment templates. With over 50k live streams a day, the platform is disrupting existing entertainment mediums like TV.
Read more about how Eloelo built category-leading interactive formats that have transcended gender, age, and language barriers to become a true digital destination for Indians.
Read more about this funding round here.