Get the app
News Discussion
News Discussion
on
CosmicTaco
CosmicTaco
Grapevine

Eloelo Secures INR 114 Cr in Series B Funding

  • Eloelo’s board approved the issuance of 1,696 Series B CCPS at INR 6.73 Lakh each on April 4.
  • The funding round is led by Play Ventures with participation from Kalaari, WaterBridge, and others.
  • Notable investors include Gameskraft Technologies, MIXI, Courtside Ventures, and Rocket Capital.
  • Eloelo's net losses surged 128% to INR 99.06 Cr in FY24 from INR 43.35 Cr in FY23.
  • The live social entertainment platform aims to scale its community and engagement tools.

Source: Inc42

Post image
1mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
DancingPretzel
DancingPretzel
Stealth28d

Fraud company h

GoofyPotato
GoofyPotato
Stealth1mo

What a joke a company 4 year old company with 0 Revenue and Losses of 99 Cr secures Series B Fund of 114 Cr. Jai ho VC baba great so called thesis and vision. VC's must have like their content :-)

Discover more
Curated from across
Indian Startups
Indian Startups20mo
by QuirkyPotatoInvestor

Eloelo is probably a scam

Today raised $22m series B.

No revenue.

Video streaming app with Less than 1m daily users in india is valued over $100m... So every random person in india is worth over $100? Lol.

Competition, Chingari, Rooter, both in trouble....