• About
  • Contact
Sunday, July 3, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Dialect Based OTT Platform STAGE Raises Rs 8.5 Cr Fund From Venture Catalysts

Pritish raj by Pritish raj
November 27, 2020
in News
Reading Time: 2 mins read
A A
0
128146036 697255927831588 8096147571831765424 o

Startup incubator and accelerator Recently, Venture Catalysts led an Rs 8.5 crore investment in STAGE, a hyper-local OTT platform focused on the dialect.

Several major investors such as Sushma Kaushik (Partner at Aavishkaar), Sachin Bhatia (Co-founder-Bulbul. tv, former co-founder-MakeMyTrip), Rohit Chanana (Sarcha Advisors), Ashish Tulsian (Co-founder-POSist), Vishal Maheshwari (India Head-VIU (OTT)), Hetal Sonpal (Prolific Angel Investor), Piyush Goel (Founder-Beyond Key Systems), Sawan Lad (Founder-Bey Systems), Sawan Lad) also participated in the funding round (Founder, ConversionX).

Vinay Singhal, Shashank Vaishnav, and Parveen Singhal founded WittyFeed, a website for content curation, in 2014. Last year the modern-day blogging, charticle, and listicle site changed its focus to ‘Bharat’ targeted infotainment.

IMG 20201127 WA0014
STAGE Founders- Shashank Vaishnav, Vinay Singhal & Praveen Singhal. 

WittyFeed pivoted in 2019 to launch its ‘Step’ dialect-based OTT platform with art forms such as folk, poetry, storytelling, satire, and motivational content in local Indian dialects. It will also feature weekly fictional characters’ data-led satire-based material. STAGE claims to be the world’s first-ever dialect-based entertainment network that focuses on artist-led content instead of movies and web series, with a total addressable market of 450 million.

Talking to NBB Vinay Singhal, Co-Founder Of STAGE said, “We plan to use this fund to strengthen our position within Haryana by producing more quality content scale the efforts of content production in the same dialect. He also said they have started making strides in other dialects such as Rajasthani. We went live in Rajasthani last month and have received tremendous response. We will continue to build a better product and better content in the same.”

Co-founder and President, Investment Catalysts, Dr. Apoorv Ranjan Sharma, added, “Building an OTT platform requires a deep understanding of both technology and content.” Instead of dropping into the already crowded market of movies and web series by other OTT giants, STAGE has built a perfect niche for themselves by shifting its emphasis on performing arts.”

“The requisite collection of experiences under their belt in content production and using technology to monetize content would help them develop a successful business out of their new vision. Since the founding team of WittyFeed has already made its mark by becoming the world’s second-largest content maker, it is only a matter of time before STAGE can achieve similar success in India,” added Ranjan.

STAGE is currently in a pre-revenue position with plans to introduce a monetization subscription at the end of January 2021.

Recently, WittyFeed merged into STAGE in order to provide support to local artists and treat audience with local content.

Previous Post

Sonu Sood’s Pravasi Rojgar Receives $34Mn Funding From GoodWorker

Next Post

Net Revenue Of SUGAR Cosmetics Crossed Rs.100 Crore In FY20

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Facebook Meta nft profiles
Cryptocurrency

Facebook Starts Testing Ethereum and Polygon NFTs on Profiles

July 1, 2022
Khaby Lame Binance
Cryptocurrency

Binance Taps Most Popular Tiktok Star Khaby Lame To Drive Web3 Adoption

June 30, 2022
Metawhale Team
Cryptocurrency

World’s First NFT Museum Launched By Metawhale World

June 30, 2022
WhiteHat Jr Ads- Next Big Brand
News

Byju’s-owned WhiteHat Jr Lays Off 300 Employees

June 29, 2022
Reliance CEO Mukesh Ambani
Industries

Mukesh Ambani Resigns as Director of Reliance Jio, Son Aakash Ambani Named Chairman

June 28, 2022
Cryptoys Logo
Cryptocurrency

Cryptoys Raises $23 Million to Mix NFTs, Gaming, and Virtual Toys

June 28, 2022
Next Post
SUGAR Cosmetics Story- Next Big Brand

Net Revenue Of SUGAR Cosmetics Crossed Rs.100 Crore In FY20

Leave a Reply Cancel reply

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

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Mukesh Ambani Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Understanding The Most Popular Types of NFTs
  • Facebook Starts Testing Ethereum and Polygon NFTs on Profiles
  • Binance Taps Most Popular Tiktok Star Khaby Lame To Drive Web3 Adoption

Latest News

20220702 145214 0000

Understanding The Most Popular Types of NFTs

July 2, 2022
Facebook Meta nft profiles

Facebook Starts Testing Ethereum and Polygon NFTs on Profiles

July 1, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

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.