Stage, a regional OTT platform, gets Rs 3.5 crore in angel funding

Stage, a regional OTT platform, has secured Rs 3.5 crore in the latest financing round. The angel funding round was led by Inflection Point Ventures along with Vijay Shekhar Sharma, founder of Paytm.

Mitesh Shah, Co-founder, Inflection Point Ventures, said, “We found Stage’s concept to be unique as it aims to conserve the diversity of the country and reach the heart of India, a market totally neglected by the current market leaders in the OTT category.”

He added, “India is made of micro countries, each with its unique culture and language. Entertainment and content is the best platform to leverage and showcase this and we believe that STAGE is poised usher in an era of vernacular OTT platforms and has the potential to emerge as a formidable competition to the category leaders.”

Giridhar Malpani and Sprout Investment Fund have also participated in the funding round. The funds raised by the platform will be use to bring content in new dialects and to put together content library. hrnxt