<ul><li>Eloelo, a live social entertainment platform, is raising INR 114.3 Cr ($13.2 Mn) in its Series B funding round.</li><li>The funding round is led by Play Ventures Investments, with participation from Kalaari Capital, WaterBridge Capital, Gameskraft Technologies, MIXI, Courtside Ventures, Rocket Capital, Griffin Gaming Partners, and angel investors.</li><li>Eloelo's board has passed a resolution to issue 1,696 Series B compulsory convertible preferred shares.</li><li>The latest funding comes at a time when social media platforms are focusing on live and casual gaming to boost engagement and generate additional revenue.</li></ul>

Eloelo To Raise INR 114 Cr From Play Ventures, Kalaari, Others

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