Dialect-based OTT platform Stage raises Rs 40 crore

Dialect-based, hyperlocal OTT platform Stage has raised Rs 40 crore in funding.

The funding was led by Blume Ventures with participation from NB Ventures, Dholakia Ventures, TSM Ventures, WeFounderCircle, and others.

Mumbai Angels, Tarmac Ventures, Tailwind Ventures, Longtail Ventures, Lets Ventures and AngelList also participated in the funding round.

Existing investors who participated are Better Capital, IPV, TCA, Venture Catalysts along with some angels, according to a statement from the company.

The company previously raised Rs 31 crore, and the latest funding round takes the total capital raised to Rs 71 crore.

"Stage, has raised Rs 40 crore in funding led by Blume Ventures with participation from NB Ventures, Dholakia Ventures, TSM Ventures, WeFounderCircle, Mumbai Angels, Tarmac Ventures, Tailwind Ventures, Longtail Ventures, Lets Ventures and AngelList," the company said in the statement.

Stage started with Haryanavi content in 2019, and now has 2,25,000 plus subscribers, as per the company’s statement.

Stage has produced several web series in Haryanvi including Akhada, Group-D, College Kaand, Opri Parai among others. It also launched Rajasthani dialect content in June 2022.