[Indians Love Short Dramas Too: Indian Consumer AI Company EloElo Raises $80 Million in Series C Funding] According to Tech in Asia, on November 4th, EloElo Group (parent company of the short drama app Story TV), an Indian consumer AI and entertainment company, announced the completion of an $80 million Series C funding round, bringing its total funding to $130 million. This round was led by Hornbill Capital and NBCUniversal, with participation from MIT Investment Co., as well as existing investors including Play Ventures, Kalaari Capital, Waterbridge Ventures, and Griffin Gaming Partners. Short dramas are gaining popularity in India, with competitor Kuku TV also offering short series.