India-based gaming platform Eloelo has raised $2.1 million in a funding round, as reported by VentureBeat. The funding round was led by Waterbridge Ventures and the Lumikai Fund, and exceed entertainment and better capital participated in the round.
The company said the investment will be used to launch multiple formats that will allow creators to monetize their content on the platform.
The platform currently has more than one million users and more than 100 million game events have been recorded.
Founded in 2020 by Sauragh Pandey and Akshay Dubey, Eloelo is a native entertainment platform that allows creators and viewers to host live gaming events.
