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EloElo is a livestreaming and social gaming platform based in Bengaluru, India, that enables digital content creators to host interactive live video and audio broadcasts for their audiences. The application integrates traditional multiplayer games such as tambola and antakshari, real-time chat functionality, and continuous cultural activities across multiple regional Indian languages to facilitate community engagement for a predominantly younger consumer demographic. Operating within the broader media and entertainment sector, the venture-backed company focuses on providing creator monetization tools, comprehensive data insights, and a proprietary micropayment system to support its growing user base. The enterprise currently operates with a workforce of approximately 106 employees and generates an estimated $23 million in annual revenue through its various interactive entertainment features. The technology startup EloElo was officially founded in August 2020 by co-founders Saurabh Pandey and Akshay Dubey.
EloElo has raised $50.5M across 5 funding rounds.
EloElo has raised $50.5M in total across 5 funding rounds.
EloElo has raised $50.5M across 5 funding rounds. Most recently, it raised $13.0M Series B in April 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2025 | $13M Series B | — | Better Capital, Comcast Ventures, Griffin Gaming Partners, Play Ventures | Announced |
| Sep 1, 2023 | $22M Series B | Griffin Gaming Partners, Courtside Ventures | 1UP Ventures, Andreessen Horowitz, BITKRAFT Ventures, Comcast Ventures, Insight Partners, Team8, Teclub, Akin Babayigit, MEG Whitman, Yuval Shahar, Convivialite Ventures, Kalaari Capital, Lumikai, MIXI, Rocket Capital, Waterbridge Ventures | Announced |
| Jun 3, 2022 | $13M Series A | Kalaari Capital, KB Investment | Convivialite Ventures, Lumikai, Akarsh Dhaiya, Waterbridge Ventures | Announced |
| Jul 1, 2021 | $2M Seed | Justin Keeling, Ravi Kaushik | Better Capital, Exceed Entertainment | Announced |
| Sep 4, 2020 | $450K Seed | Ravi Kaushik | Apaksh Gupta, Raghavendra Prasad T S, Ramakant Sharma, Rishi Vasudev, Shuchin Bajaj, Vasant RAO, Appyhigh | Announced |
EloElo has raised $50.5M in total across 5 funding rounds.
EloElo's investors include Better Capital, Comcast Ventures, Griffin Gaming Partners, Play Ventures, Courtside Ventures, 1Up Ventures, Andreessen Horowitz, BITKRAFT Ventures, Insight Partners, Team8, TeClub, Akin Babayigit.
Eloelo is a creator-led live social entertainment and gaming platform based in Bengaluru, India, enabling interactive video and audio livestreams, multiplayer social games, and real-time chat features in multiple Indian languages.[1][2][6] It serves content creators and primarily Indian youth consumers, solving the challenge of decentralized creator monetization through gamification, virtual gifts, and micropayments while fostering community building and entertainment.[1][2][4][6] Founded in 2020, Eloelo has raised over $50 million in funding, achieved profitability in May 2024 with 1.5 million paying users, and reached a $23 million annual revenue run rate, targeting $60 million by end-2025 via product enhancements, AI tools, and international expansion into Indian diaspora markets.[1][3]
Eloelo was founded in July 2020 by Saurabh Pandey (CEO) and Akshay Dubey, both former Flipkart executives, alongside contributions from early leaders like Sagar Gaonkar, ex-ShareChat and Disney+ Hotstar executive who joined as CTO.[1][2][3][6] The idea emerged to address the creator economy by building India's first decentralized live social gaming platform, empowering creators with tools for interactive livestreams in local languages like Hindi, Marathi, Bengali, Tamil, Telugu, Punjabi, and English.[2][6] Early traction came from rapid feature development, including 24x7 streams and monetization, leading to $24.1 million in total funding across rounds, with a recent $22 million led by Courtside Ventures and Griffin Gaming Partners in September (year not specified in sources).[1][3] Pivotal moments include starting revenue generation in May 2024 and partnerships like with Zee Media for enhanced content distribution.[6]
Eloelo rides the explosive growth of India's creator economy and live social entertainment trend, where interactive streaming and gaming converge to engage 500+ million youth users amid rising mobile penetration and vernacular content demand.[1][2][6] Timing is ideal post-2020, capitalizing on pandemic-accelerated digital shifts and post-COVID live commerce boom, with market forces like affordable data, UPI micropayments, and AI moderation favoring scalable platforms over traditional social media.[1][6] It influences the ecosystem by decentralizing creator power from giants like ShareChat, promoting multilingual inclusivity, and blending gaming/esports (competing with Turnip) with social features, while expanding globally to diaspora markets and AI enhancements.[1][2]
Eloelo is poised for hypergrowth, targeting $60 million ARR by end-2025 through AI creator tools, international diaspora expansion, and deeper gaming integrations, building on its profitable trajectory and $50M+ funding.[1] Trends like AI personalization, live commerce, and vernacular esports will shape its path, potentially evolving it into a regional leader challenging global players like Twitch in emerging markets. As India's digital companion for youth, its creator-first model positions it to redefine social entertainment, tying back to its mission of interactive, safe community building at scale.[6]
