Monday, April 12, 2021
Techiexpert.com
No Result
View All Result
  • Login
  • Register
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging
Techiexpert.com
No Result
View All Result

STAGE raises INR3.5 Cr in Angel round led by Inflection Point Ventures

Srikanth by Srikanth
March 12, 2021
in Startup news
Reading Time: 2 mins read
A A
0
STAGE raises INR3.5 Cr in Angel round led by Inflection Point Ventures
12
SHARES
150
VIEWS
Share on FacebookShare on Twitter

Homegrown OTT platform STAGE, launched in 2019 by Vinay Singhal, Shashank Vaishnav and Parveen Singhal has raised INR 3.5 Cr in an angel round, led by Inflection Point Ventures, India’s largest and most active angel network. Paytm’s Vijay Shekhar Sharma along with other investors Sprout Investments Fund, Giri Malpani (Malpani Ventures) also participated in the round.

Being the first and the only dialect-based OTT platform, STAGE boasts of over 1.5 million downloads in Haryanvi dialect alone. It is now available in Rajasthani dialect too. STAGE plans to launch new dialects such as Bhojpuri, Maithili and Magadhi in 2021. It is also the only artist-based OTT platform in the country as well; with content in art forms such as comedy, poetry, folk, and storytelling.

STAGE plans to use the funds for building a stronger content library and launching subscription service of their platform.

Mitesh Shah, Co-Founder, Inflection Point Ventures says, “India is a country made of micro countries, with different markets from each other. While the Hindi/English language dominated OTT platforms have changed the decades old entertainment rules, we believe vernacular OTT platforms will be the next wave, considering we have large regional media consumption in the Country. Tamil, Telugu, Marathi, Bengali are some of the biggest regional content churning industries with a much higher viewer engagement statistics. STAGE is the first and the only dialect-based OTT platform in India. With 1.5m+ downloads in Haryana alone, the platform is all set to build the most hyper local content company ever built in the world. Focusing on the diversity of the country, Stage is gradually taking up different regions and increasing its penetration. Its uniqueness in idea and a great founding team helped IPV decide to fund the start-up.”

ADVERTISEMENT

STAGE has kept its focus intact to optimize the ROI by working on professionally generated content at incredibly low prices. It has the production cost of 1/10th as compared to other OTT platforms. It aims to go beyond the centralisation and work on creating a platform focused on the regional diversity of the country.

Vinay Singhal, Co-Founder & CEO, STAGE says, “We found the right partner in IPV as their turnaround time, founder friendly processes helped us in closing the round quickly. IPV’s actively leverages its investor network strength to help its portfolio companies. They are aligned with us on our vision to build the most hyper local vernacular OTT platform ever built for Bharat.”

He adds, “We believe that languages are just an urban concept in our country, the moment we move beyond the urban settlements, everyone speaks a dialect. The great thing is most of these dialects are as big as some of the European languages. It is not just a great business opportunity to create quality content in these dialects, but absolutely necessary to preserve the unique diversity and culture of our country for the next generation.”

STAGE aims to reach about 500 million users in the next 5 years.

Tags: Funding NewsInflection Point Venturesstage
Share4Tweet3Share1Pin2
Srikanth

Srikanth

Passionate Tech Blogger on Emerging Technologies, which brings revolutionary changes to the People life.., Interested to explore latest Gadgets, Saas Programs

Related Posts

Websites For Conducting a Background Check
Startup news

Essential background checks that every Australian startup should use

by Sony T
April 11, 2021
PumPumPum
Startup news

PumPumPum raises INR 5.5 Cr in Pre-Series A funding led by IPV

by Sony T
April 9, 2021
Social Platform for Positive Impact – ChekMarc
Startup news

Social Platform for Positive Impact – ChekMarc

by Srikanth
April 8, 2021
5 Ideas for Your First Startup in College
Startup news

Top 5 most successful US startups

by Sony T
April 7, 2021
Kudos Raises Capital from top tier Super Angels & Fintech Founders
Startup news

Kudos Raises Capital from top tier Super Angels & Fintech Founders

by Srikanth
April 6, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Latest Stories

How to get started with AIOps?
Artificial Intelligence

How to get started with AIOps?

by Srikanth
April 11, 2021
Websites For Conducting a Background Check
Startup news

Essential background checks that every Australian startup should use

by Sony T
April 11, 2021
Microsoft Teams is coming under Government Community Cloud
Tech news

COVID accelerated a push to the Microsoft cloud. Top reason: Microsoft Teams — ShareGate Report

by Srikanth
April 10, 2021
PumPumPum
Startup news

PumPumPum raises INR 5.5 Cr in Pre-Series A funding led by IPV

by Sony T
April 9, 2021
Load More
Techiexpert.com

© 2020 All Rights Reserved

  • Terms of use
  • Privacy Policy
  • About Us
  • Contact us
  • Write For Us
  • Cookie Policy

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging

© 2020 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Newsletter ?

What is Expected ?

  • Newsletter
  • eBooks
  • Tech Reports
  • Infographic
  • Webinar
  • Event Tickets
We would like to show you notifications for the latest news and updates.
Dismiss
Allow Notifications