Eloelo secures $22 million in pre-series B funding to fuel business growth

Live social entertainment platform, Eloelo, has raised $22 million in its pre-series B round led by Courtside Ventures and Griffin Gaming Partners.

Saurabh Pandey, the Co-founder & CEO of Eloelo, shed light on the company's strategic use of these funds during an interview with CNBC-TV18. Pandey outlined Eloelo's short-term objectives, which revolve around strengthening collaborations with content creators across diverse linguistic landscapes.

Founded in 2020, Eloelo is a live social entertainment platform that combines audio and video live chat rooms with interactive games and builds IPs around these offerings.

Furthermore, the company is gearing up to invest in pioneering technologies, particularly in the realm of creator-centric deep tech products.

Additionally, Eloelo aims to augment its capabilities in AI-based content moderation.