India, April 8 -- Live social entertainment platform Eloelo is raising INR 114.3 Cr ($13.2 Mn) as part of its Series B funding round led by gaming-focussed venture capital firm Play Ventures Investments.

The round also saw participation from Kalaari Capital, WaterBridge Capital, Gameskraft Technologies, MIXI, Courtside Ventures, Rocket Capital, Griffin Gaming Partners and a couple of angel investors.

As per regulatory filings with the Registrar of Companies (RoC), Eloelo's board on April 4 passed a special resolution to issue 1,696 Series B compulsory convertible preferred shares (CCPS) at an issue price of INR 6.73 Lakh each.

While Singapore-based Play Ventures Investments pumped INR 34.71 Cr, Gameskraft and Kalaari infused INR 21.7 C...