Stage is an innovative OTT (over-the-top) platform that offers a wide range of entertainment content in various local dialects spoken throughout India. It is the first platform of its kind, connecting people from different parts of the country through a shared love of their unique dialects and culture.
More About Stage OTT
The platform was founded in 2019 by Vinay Singhal, Shashank Vaishnav, and Parveen Singhal, with a focus on producing original, hyperlocal content. Before starting Stage, Vinay Singhal co-founded WittyFeed, a viral website that quickly gained popularity and generated millions of page views and 2.5 billion ad impressions within just two years of its launch.
However, because of some updated platform policies, Wittyfeed’s Facebook page was shut down in 2018, leading the founders to pivot and rebrand as Stage.
The platform offers a mix of both free and premium content, with subscriptions required for access to premium content. With more than 19,500 dialects spoken throughout India and 21 modern Indian languages currently in use, there is no shortage of diverse and engaging content that can be made available on Stage.
Stage Shark Tank Pitch and Updates
Stage’s Shark Tank India Season 2 appearance is one of the most trending appearances till now. The founders entered the stage with dialogues in their regional Haryanvi language. All the sharks got curious to know more about their journey and what inspired them to start the Stage OTT platform.
After all the discussion about Stage, the founders also shared about their previous startup Wittyfeed and how they had to shut it down overnight. This made all the judges a bit emotional and also they got confident on the three founders.
Here are further updates about Stage Ott on Shark Tank India season 2:
|Founders||Vinay Singhal, Shashank Vaishnav, and Parveen Singhal|
|Headquarters||Noida, Uttar Pradesh|
|Profitability||Business Is Profitable|
|Shark Tank Episode||Season 2 – Episode 3|
|Asked For||3 Crores For 1% Equity|
|Deal||1.5 Crores for 0.6% Equity and 1 Crore Debt at 15% Interest|
|Sharks Invested||Vineeta Singh|
|Valuation Given||2.78 Crores|
Final Deal: Aman Gupta, Peyush Bansal, and Namita Thapar invested 1.5 Crores for 0.6% Equity and 1 Crore Debt at 18% Interest in Stage.
Frequently Asked Questions About Stage
Here are some frequently asked questions about Stage that people are asking over the Internet after their appearance on Shark Tank India season 2:
1. Who Is The Founder of Stage?
Vinay Singhal, Shashank Vaishnav, and Parveen Singhal are the founders of the startup Stage that appeared on Shark Tank India season 2.
2. Is Stage Profitable?
No, at the time of their appearance on Shark Tank India season 2, they were loss-making and had a monthly burn of 1.1 Crores.
3. Why Other Sharks Did Not Invest in Stage OTT?
Vineeta Singh shared the fact that Stage’s valuation is a bit higher and she would not be able to match it. Anupam Mittal said that his money will not be able to help them much instead he can use that money in a startup where money is the actual need.
3. What Happened to Stage After Shark Tank?
Stage received investment from Aman Gupta, Peyush Bansal, and Namita Thapar on Shark Tank India season 2. Peyush found their vision great and trusted the fact that they have already worked on the viral factor of content. Aman also bet on the courage that the founders showcased when their startup Wittyfeed failed.