Entertainment Platform Stage Raises Rs.40 Crore In Funding

Dialect-based over the top (OTT) platform STAGE has announced raising Rs. 40 crore in funding, led by Blume Ventures. The funding round saw participation from NB Ventures, Dholakia Ventures, TSM Ventures, We Founder Circle, Mumbai Angels, Tarmac Ventures, Tailwind Ventures, Longtail Ventures, Lets Ventures and Angel List, the company claimed. The company previously raised Rs.31 crore bringing the total capital raised to Rs.71 crore. The funding also saw existing investors who participated, namely, Better Capital, IPV, TCA, Venture Catalysts along with some angels. The capital raised will be used to go deeper into Haryana and Rajasthan, create more original content and grow the product, Vinay

Singhal, Co-founder, STAGE, said. "We plan to capture 10 Percent of the over 25 million households watching video content in Haryana and Rajasthan by mid-2024".

Stage's vision is to become a platform for entertainment, connection and celebration of cultures for all dialect-speaking people in the country

STAGE's vision is to become a platform for entertainment, connection and celebration of cultures for all dialect speaking people in the country. By 2027, we plan to launch in the top 20 dialects of the country, which have the potential to reach over 200 million households", he added. STAGE started with Haryanavi content in 2019, and currently claims to have over 225,000 subscribers. Additionally, it has stated it adds over 25k subscribers per month, growing 30 percent on a month-on-month (M-o-M) basis. STAGE's roster includes web series in Haryanvi such as Akhada, Group-D, College Kaand, Opri Parai, among others.