Eloelo
Category: AI in Media / Gaming / Entertainment
Eloelo Group is an Indian live social entertainment and micro-drama company behind Eloelo and Story TV. In September 2026 it launched Dolphin AI, an agentic studio that turns scripts into multi-shot videos. Eloelo was founded in 2020. The company is led by Saurabh Pandey. Based in Bengaluru, India. Total funding raised: $51M. Latest round: Series B. Key investors include Play Ventures, Courtside Ventures, Griffin Gaming Partners, Kalaari Capital, Lumikai, WaterBridge Ventures, MIXI, Gameskraft Technologies, KB Investments, Rocket Capital.
- Founded
- 2020
- Headquarters
- Bengaluru, India
- Total funding
- $51M
Value proposition
Mass-market, multilingual entertainment for Indian audiences ('new-age TV for Bharat'), delivered through live creator streaming and micro-dramas. Dolphin AI extends this into end-to-end AI video production (planning, generation, voice, editing) at lower cost.
Products and solutions
Eloelo (live social entertainment and social gaming app), Story TV / EloTV (micro-drama app, 5,000+ original dramas), Dolphin AI (agentic script-to-video studio with multi-shot planning, voice generation, editing, avatars and animation), Connecto, Master AI
Unique value
An AI video studio built from in-house production at scale (100,000+ creatives tested per month). It keeps narrative context across multiple shots, beyond the 8-10 second limit of typical AI video tools.
Target customer
Indian mass-market consumers (Tier 2/3, multilingual); for Dolphin AI: creators, filmmakers, brands, D2C advertisers and studios
Industries served
Media & Entertainment, Creator economy, Social gaming, Advertising / D2C marketing
Technology advantage
Proprietary production data and workflows from producing 5,000+ micro-dramas. Agentic multi-shot planning keeps scenes consistent, and the product is built for multilingual Indian content. It is distributed through an owned consumer audience reportedly of 27M monthly users.
How they differentiate
Eloelo combines a consumer micro-drama and live-streaming audience with its own AI production tooling (Dolphin AI) built for long-form multi-shot continuity. Competitors mostly run consumer apps alone, and competitor Pocket FM shut down its Pocket TV micro-drama app.
Main competitors
Kuku TV (Kuku FM), ShareChat's Quick TV, Dashverse
Key partnerships
Google for Startups (non-equity support, 2021), Avendus (investment bank engaged for fundraise, 2026), Dolphin AI booth at FICCI FRAMES 2026 opened by the Ministry of Information and Broadcasting
Major milestones
2020 founded as a live-streaming/social app, 2021 $2.1M seed round, 2022 $13M Series A, 2022 Entrepreneur India Digital Startup of the Year, 2023 $22M pre-Series B, 2025 $13.5M Series B, 2026 launched Story TV micro-dramas at scale and engaged Avendus to raise $50M+ (reported as still in progress), Sept 2026 launched Dolphin AI at FICCI FRAMES 2026.
Growth metrics
FY25 operating revenue Rs 69.5 Cr (Economic Times). A 2026 pitch deck reported by Moneycontrol claims $230M ARR, 27M monthly users and 2B monthly minutes. These metrics are unverified. The company tests 100K+ creatives per month.
Market positioning
One of the leading Indian micro-drama and live social entertainment players, now expanding into AI video production tools and content export.
Geographic focus
India (multilingual Bharat market), with international expansion ambitions
About Saurabh Pandey
Ex-Flipkart P&L Lead; Founder & CEO of Eloelo Group. Named in Entrepreneur India's 'Top 35 under 35'.
Latest news about Eloelo
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Official website: https://eloelo.in