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