Regional language-focused over-the-top (OTT) platform Stage has secured ₹84.6 crore (approximately $10 million) in its Series B funding round led by Goodwater Capital, with participation from Blume Ventures. This development was exclusively reported by Entrackr.
A special resolution passed by the company’s board approved the issuance of 31,179 Series B preference shares at an issue price of ₹27,137 each, as noted in regulatory filings accessed from the Registrar of Companies.
- Goodwater Capital leads the investment with ₹41.95 crore.
- Blume Ventures contributes ₹26 crore.
- The remaining amount is raised through angel investors and others, including LV Angel, TSM Ventures, Brew Opportunities, and 27 additional participants.
Previously Olympic gold medalist Neeraj Chopra has invested in Stage.
Post-funding, Stage is valued at ₹674 crore (approximately $80 million). To date, the company has raised $19 million. Following this round, Blume Ventures becomes the largest external stakeholder with a 13.03% share, while Goodwater Capital holds a 6.24% stake in the company.
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About Stage:
Founded in November 2019 by Vinay Singhal, Shashank Vaishnav, and Parveen Singhal, Stage focuses on providing hyper-localized OTT content in Indian regional languages and dialects.
Its offerings include trending, entertaining, and informative material in languages such as Haryanvi and Rajasthani.
With a growing subscriber base, Stage reports over 1.2 million paying users in Haryana and an additional 250,000 new subscribers monthly. This growth reflects the increasing demand for region-specific digital content in India.
The company’s success in the regional OTT market has been driven by its ability to cater to India’s diverse linguistic landscape while leveraging a tech-forward approach.
