Total amount raised
$19.3 Millions
Latest funding date
Location
STAGE has successfully raised significant funding across multiple rounds, including ₹846,000,000 in a Series B round. The platform specializes in providing artist-led entertainment in local Indian dialects, making it a unique player in the OTT space.
Keep reading to explore the intricacies of STAGE's fundraising journey and the investors backing this innovative platform.
What Is STAGE?
STAGE is an Indian language content platform that focuses on artist-led entertainment in local dialects. Founded on November 1, 2019, by Shashank Vaishnav and Vinay Singhal, the company is headquartered in Indore, Madhya Pradesh, India. With a team of 51-100 employees, STAGE offers a unique OTT experience by providing content in various regional languages.
How Much Funding Has STAGE Raised?
- Angel Round
- Amount Raised: ₹35M
- Date: March 2021
- Lead Investors: Inflection Point Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop initial content offerings.
- Seed Round
- Amount Raised: ₹85M
- Date: November 2020
- Lead Investors: Venture Catalysts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand content library and increase subscriber base.
- Seed Round
- Amount Raised: $2.5M
- Date: January 2022
- Lead Investors: Better Capital, Blume Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform technology and user experience.
- Series A
- Amount Raised: Not publicly disclosed
- Date: June 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new regional markets.
- Venture Round
- Amount Raised: ₹400M
- Date: January 2023
- Lead Investors: Blume Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To deepen market presence in Haryana and Rajasthan and create more original content.
- Series B
- Amount Raised: ₹846M
- Date: March 2025
- Lead Investors: Goodwater Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand to the top 20 dialects of the country and reach 200 million+ households.
Total Amount Raised: $20.5M
Current Valuation: Not publicly disclosed
Key Investors
- Blume Ventures
- Details: Blume Ventures is a venture capital firm that provides early-stage funding to technology-driven startups. Founded in 2010, it is one of India's leading early-stage venture funds.
- Investment Focus Areas: Technology startups, consumer internet, and SaaS.
- Notable Investments: Dunzo, Unacademy, GreyOrange.
- Goodwater Capital
- Details: Goodwater Capital is a venture capital firm focused on consumer technology companies. It aims to empower exceptional entrepreneurs who are changing the world through consumer technology.
- Investment Focus Areas: Consumer technology, fintech, and digital health.
- Notable Investments: Musical.ly, Kakao, Stash.
- Inflection Point Ventures
- Details: Inflection Point Ventures is an angel investing platform that connects startups with a network of investors. It focuses on providing growth capital to early-stage companies.
- Investment Focus Areas: Technology, consumer services, and healthcare.
- Notable Investments: BharatPe, OYO, Milkbasket.
- Venture Catalysts
- Details: Venture Catalysts is an integrated incubator that offers funding, mentorship, and networking opportunities to startups. It is one of India's leading early-stage investment platforms.
- Investment Focus Areas: Fintech, healthtech, and consumer services.
- Notable Investments: Beardo, Fynd, Supr Daily.
- Better Capital
- Details: Better Capital is a micro-venture firm that invests in pre-seed and seed-stage startups. It focuses on backing mission-driven founders building impactful companies.
- Investment Focus Areas: Fintech, edtech, and SaaS.
- Notable Investments: Khatabook, Teachmint, Open.
What's Next for STAGE?
STAGE is poised to capitalize on the growing demand for hyperlocal content by expanding into more regional dialects. With a target to reach 25 million households in Haryana and Rajasthan by mid-2024 and 200 million households across India by 2027, the platform's potential is immense. This expansion will likely necessitate additional fundraising rounds to support content creation and subscriber growth.
However, STAGE will face challenges such as competition from other OTT platforms and ensuring consistent content quality across different dialects. Navigating regulatory and licensing hurdles in various regions will also be crucial. Despite these challenges, the platform's focus on preserving local languages and cultures positions it well for future success.
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