EloElo

EloElo

Provider of an interactive live social entertainment platform

Founded

2020

Headquarters

Bengaluru (India)

Status

Series B

Company Details

Website

Socials

Email

Phone

+91 8904181656

Eloelo is an  Indian startup sitting at the crossroads of social media, live entertainment, and digital commerce. It operates in the Live Social Gaming and Creator Economy space, part of the larger Consumer Internet sector. Based in Bengaluru, Eloelo (run by Greenhorn Wellness Pvt. Ltd.) is on a mission to give creators a powerful platform and users an experience that feels vibrant, local, and alive. Whether you’re into singing games with strangers or live cooking demos from creators, Eloelo primarily targets B2C customers young Indian users interested in entertainment and lifestyle and supports B2B opportunities through brand partnerships.

Core Products & Services

  • Live Social Gaming: Eloelo lets users jump into real-time games with others online, turning classic Indian pastimes into digital hangouts.
  • Creator-Led Content: Eloelo’s creators go beyond the usual video uploads. They host live sessions, interact with fans and build their own mini-communities. 
  • Community Commerce: There’s also a smart layer of community commerce—creators share beauty, wellness, and lifestyle tips, often paired with their favorite product recommendations, making content both fun and useful.

 Business Model & Revenue Streams

  • In-App Purchases: Fans can buy digital gifts or unlock premium features while watching live shows or playing games. These in-app transactions bring in a solid chunk of Eloelo’s revenue—reportedly ₹300 crores per year.
  • Advertising: Eloelo tailors them based on activity and preferences. That thoughtful approach is expected to generate around ₹200 crores annually in ad revenue.
  • Brand Partnerships: Brands collaborate with Eloelo for sponsored content and events. Since the app already centers around community-driven engagement, these brand integrations feel more organic than intrusive.

Key People

Saurabh Pandey

Akshay Kumar Dubey

Key Metrics

Total Equity Funding

$50 Million

No. of Funding Rounds

6

Latest Funding Round

$13.5 Million, Series B

as of April 8, 2025

Post Money Valuation

$99.7 Million

as of October 3, 2023

Funding Multiple

1.994

as of October 3, 2023

Investors

WaterBridge

and 9 more

Employee Count

225

Similar Companies

Shortgun

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
April 8, 2025Series B $13.5 Million---Play Ventures, Kalaari Capital, MIXI Investments, Gameskraft Technologies, Griffin Gaming Partners, Waterbridge Ventures, Courtside Ventures & Rocket Capital
September 20, 2023Series A$22.0 Million$99.7 Million$419.0 K187.3x Courtside Ventures, Griffin Gaming Partners, Lumikai, WaterBridge, Kalaari Capital, Convivialite Ventures, Rocket Capital ,MIXI, Pernod Ricard
June 2, 2022Series A$13 Million$59.4 Million$43.6 K1063.3x KB Investment, Kalaari Capital, WaterBridge, Lumikai, Convivialite Ventures, Rocket Capital ,Pernod Ricard India
July 26, 2021Seed$2.1 Million$12 Million$233 42783.2x WaterBridge, Lumikai, Better Capital ,Higher Capital Consulting, Wellfound, Exceed Entertainment, LetsVenture, Angel List
July 1, 2020Seed $450 K$1.7 Million-- WaterBridge, applyhigh.com, Logx Venture Partners, Sequoia Capital, Appyhigh C, Logx Venture Partners

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