Eloelo, India's leading live streaming platform, raised US$ 13 million in a Series A funding round to enhance technology and support content creators amid a rapidly growing industry.

Information on the Target

Eloelo is the premier live streaming and social media platform in India, focused on transforming how content creators engage with their audiences. With a strong focus on user experience, Eloelo is developing proprietary tools designed to democratize live streaming while maximizing monetization opportunities for its users. The platform's innovative approach positions itself not just as a streaming service, but as a comprehensive ecosystem for creators to thrive.

The company is also actively exploring the implementation of Non-Fungible Tokens (NFTs) tailored specifically for its top creators, aiming to enhance their engagement and financial rewards. This initiative demonstrates Eloelo's commitment to empowering content creators and adapting to evolving digital trends.

Industry Overview in India

The live streaming industry in India has witnessed explosive growth in recent years, driven by increasing smartphone penetration, enhanced internet connectivity, and a youthful population eager