Social gaming co Eloelo to raise Rs 114 Cr from Play Ventures, Kalaari Capital, others
Eloelo is set to raise Rs 114 crore in a Series B funding round led by Play Ventures, Gameskraft Technologies, WestBridge Ventures, and Kalaari Capital.
The funds will be used to expand business operations, meet working capital requirements, and maintain the company's balance sheet strength.
Eloelo previously raised $22 million in a pre-Series B funding round and has a post-money valuation of $99.7 million.