Bengaluru-based maker drove live social gaming stage – EloElo on Tuesday brought $2.1 million up in a pre-Series A round, co-drove by Waterbridge Ventures and Lumikai Fund (India’s first gaming and intelligent media reserve). Better Capital and ability the executives firm Exceed Entertainment additionally took an interest in the round.

The organization expressed that this imbuement of assets will increase its proceeded with center around maker associations just as help the dispatch of new live game configurations, scaling the stage to the following 10M clients.

Established in August 2020 by Saurabh Pandey and Akshay Dubey — an IIT-IIM author team with aggregate insight across P&G, GoZoomo, and Flipkart — Eloelo brings native exercises like tambola, antakshari, chidiya udd, a game of seat juggling, and capable entertainers in live arrangements with makers facilitating games for their local area of fans.

Saurabh Pandey, CEO and Co-Founder of Eloelo, said,

“Live Video is progressively resounding with fans as it helps them fabricate ‘authentic’ associations with makers. Today, our clients spend anyplace between 30-35 minutes day by day appreciating Live games, Live streams on our App. In the following one year, we will dispatch different maker drove Live Games and Event designs that opens adaptation for makers and intuitive amusement for clients.”

In the course of recent months, EloElo professes to have seen a 15X spike in clients, crossing 1,000,000 clients on its foundation with more than 100 million game occasions recorded. The stage has onboarded more than 15,000 powerhouses naturally in the course of recent months.

“There are more than 5 million makers in India however more than 97% of them have exceptionally restricted pay openings. With our separated contribution, we have seen a ton of the fervor from makers who have joined the stage and welcomed their fans from social stages too”, added Akshay Dubey, Co-Founder, EloElo.

Justin Shriram Keeling, General Partner of Lumikai remarked,

“Saurabh and Akshay have caught lightning in a container with Eloelo. In less than nine months, they’ve constructed India’s driving maker drove social gaming local area. EloElo has cultivated a comprehensive, inviting and safe local area for loved ones to play together, and for fans to become stars by their own doing. We anticipate working with the group as they construct a really cutting edge social local area utilizing the force of play for the following 10 million fans”.

“The maker economy is encountering an affectation point all throughout the planet and across market fragments like India, Bharat, Gaming, and more. A brand new framework is being worked to help makers assemble, procure and develop. Eloelo is only that – a motor of development for makers in Bharat and India”, said Vaibhav Domkundwar of Better Capital.

Further adding, Ravi Kaushik, Partner at Waterbridge Ventures expressed,

“Saurabh and Akshay are really constructing a stand-out gamified live stage for content makers. Their top tier commitment and maintenance measurements notwithstanding more than 1 million clients on the stage exhibits the one of a kind incentive of the stage. We have been accomplices with Eloelo since the very beginning and this denotes a significant an achievement in their vision of making India’s biggest stage for the Creator Economy.”