Eloelo Raises $13 Mn For Its Creator-Led Live Social Video Platform
- ByStartupStory | June 2, 2022
A live video streaming app, Eloelo raised $13 million in series A funding round which was led by Kalaari Capital,KB investments along with new and existing investors Rocket Capital,Convivialité Ventures and Lumikai Fund, waterbridge ventures respectively.
The funds are planned to be utilised to enhance talents of the team by producing new technology, content teams, products, create new partnerships with creators that would increase the audience of this platform by millions.
Founded by Saurabh Pandey and Akshay Dubey in August, 2020 it is a live social media platform that has an user base of 3.5 million and a total of 40,000 creators. The company has raised total funding of $16 Million after this recent funding round.
Propagating the motto of ‘Live nahi, Life hai’,this platform aims at bringing new and innovative means of interaction that enables the creators to connect with its audience. It is also exploring the field of NFT(Non Fungible Token).
“We remain very excited to back Saurabh, Akshay, and the Eloelo team, who continue to push the boundaries of live, interactive, and creator-led live streaming. Their product-led thinking and deep user insights enables them to drive strong user engagement, retention, and creator monetisation by innovatively leveraging the power of live “lean forward” formats of entertainment”, said the General Partner at Lumikai Fund.
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