CosmicTaco
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
7mo ago
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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 :-)
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