EloElo raises $80 million with NBCUniversal backing

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  Escalating production costs driven by well-funded international streaming services have severely strained domestic broadcasters, forcing local channels to sharply reduce their scripted lineups. A united front of twelve entertainment organizations is now demanding state intervention to sustain the country's television ecosystem. The downturn threatens to erode the broader creative sector as advertising revenues fail to keep pace with soaring project budgets.

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• India-based EloElo, whose Story TV microdrama app has 33M+ estimated active users, raised an $80M Series C from Hornbill Capital and NBCU at a $500M valuation (Ivan Mehta/TechCrunch)

  The fresh capital injection will support the Indian platform as it capitalizes on surging consumer demand for short-form entertainment. Backing from a major global media powerhouse alongside institutional investors highlights growing international confidence in regional microdrama formats. This substantial valuation reflects the platform's ability to engage tens of millions of viewers rapidly.

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• Titan Company Q2 results preview: Profit may rise up to 27% YoY; jewellery growth, margins in focus

  Brokerage projections indicate that strong consumer demand across core retail divisions will drive robust operational earnings for the consumer discretionary major. Multiple analysts expect double-digit revenue expansions alongside widening margins to push net profits sharply higher year-on-year. Investors remain attentive to whether auxiliary brand momentum and jewellery profitability can maintain this trajectory without disruption from inventory adjustments.

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