Bengaluru-based Eloelo, a live entertainment platform founded by Saurabh Pandey and Akshay Dubey, has raised ₹114 crore (US$13.5 million) in its Series B funding round. Play Ventures led the round with an investment of ₹34.7 crore, while Gameskraft Technologies contributed ₹21.7 crore. Kalaari Capital and WestBridge Capital invested ₹13 crore and ₹8.7 crore, respectively.
With this latest infusion, Eloelo has raised over US$50 million in total funding since inception. Post-investment, Play Ventures will hold 3.38% of the company, Gameskraft Technologies 2.12%, and Kalaari Capital 6.35%.
Although often mentioned alongside gaming competitors like Loco, Rooter, and Turnip, Eloelo’s core focus is live entertainment, blending interactive content with community features rather than functioning purely as a social gaming platform.
Following this funding round, Eloelo’s valuation stands at ₹1,026 crore (US$121 million). The fresh capital will support creator expansion, product development, and user acquisition, positioning Eloelo at the forefront of India’s rapidly evolving live entertainment and interactive content ecosystem.
