Stage is an OTT platform offering content in local dialects, aiming to connect people across India
Founded in 2019, Stage has provided employment to over 1000 local artists
They had 1.30 lakh paid subscribers and a subscription fee of ₹400 annually at the time of pitching
Planning to launch content in an additional 20 languages in the next 5 years
Original content production costs around ₹20 lakh per web series or movie
The company received its initial investment of ₹10 crore in 2020 at a valuation of ₹65 crores
Monthly revenue stands at ₹25 lakh, with a customer acquisition cost of ₹270 and a burn rate of ₹1.1 crores
Vineeta and Anupam opted out of the investment due to high valuation and unclear impact
Aman Gupta, Namita Thapar, and Peyush Bansal offered ₹1.5 crores for 0.6% equity along with ₹1.5 crores in debt at an 18% interest rate, which was accepted by the company