In this blog about the STAGE company profile, we will delve into the remarkable journey of STAGE, a new Indian startup that has quickly made a name for itself. Our main focus will be to provide detailed information about the company, including:
- A brief introduction to its founders
- Financial parameters such as net worth, funding, revenue, turnover, and competitors
- An overview of its journey on Shark Tank
Join us as we explore how STAGE is revolutionizing the way we enjoy regional cinema in India.
So,India is rich in heritage and culture, with each region offering unique stories through cinema and web series. However, most are dubbed in Hindi or English, creating a language barrier.
Enter “STAGE,” an innovative Indian startup that dubs regional films and shows into your native language at a nominal price. Now, you can enjoy diverse Indian cinema in the comfort of your own language.
Stage OTT Platform:
Table of Contents
- 1 Stage OTT Platform:
- 2 Which Legal Entities Is STAGE Associated With?
- 3 Stage App Owner:
- 4 Stage Ott Platform Net Worth:
- 5 Stage Ott Investors in India:
- 6 Stage Ott Funding:
- 7 Stage Ott Revenue:
- 8 Stage Competitors In India:
- 9 Stage Company Valuation:
- 10 Vinay Singhal Net Worth:
- 11 Stage Ott Turnover:
- 12 Stage Ott Shark Tank:India:Season 2
- 13 FAQ question:Related to Stage company Profile
STAGE is an OTT platform similar to Netflix and Amazon Prime, but it surpasses other platforms when it comes to catering to Indian consumers, thanks to its focus on India’s diverse culture.
The company started in 2019 with a vision to make STAGE a household name within five years. Their mission is to provide regional cinema entertainment to everyone, ensuring that language is never a barrier to enjoying great content.
What Stage Ott Company Do In India?
Stage, an Indian company, is renowned for offering dubbed versions of regional language cinema and web series. This service fills a crucial gap left by the language barrier stemming from India’s diverse heritage.
With India boasting 122 major languages and 1599 other languages, each with its unique tone and style of speaking, Stage ensures that audiences can enjoy captivating content regardless of linguistic differences.
In the next segment of the “Stage Company Profile,” let’s delve into the legal entity associated with Stage OTT. Understanding the legal framework and partnerships can provide insights into the company’s operations and growth strategies.
Which Legal Entities Is STAGE Associated With?
Currently, STAGE is associated with only two legal entity, known by the name “STAGE TECHNOLOGIES PRIVATE LIMITED“which was incorporated on Dec 04, 2019 and “CATCHUP TECHNOLOGIES PRIVATE LIMITED” which was associated in Apr 11, 2019. As of March 31, 2023, the company reported a revenue of $29.4M and a net Profit of $230M.
| Legal Entity Name | Date of Incorporation | Revenue | Net Profit |
|---|---|---|---|
| STAGE TECHNOLOGIES PRIVATE LIMITED | Dec 04, 2019 | $29.4M (as on Mar 31, 2023) | -$230M (as on Mar 31, 2023) |
| CATCHUP TECHNOLOGIES PRIVATE LIMITED | Apr 11, 2019 | $29.4M (as on Mar 31, 2023) | -$230M (as on Mar 31, 2023) |
Now that we’ve covered the Legal entity of Stage, it’s time to move on to the next topic: getting to know the visionary founder behind the creation of this innovative company by delving into the Stage Company Profile.
Stage App Owner:
Vinay Singhal, the visionary Co-founder and Owner of behind the creation of Stage App company, with a vision of providing entertaining content available in all regional languages.Born in Nunsar, a small village in Haryana he comes from a modest background, growing up in a simple, lower-middle-class family.
Starting from humble beginnings, Vinay Singhal founded STAGE in 2019. But it was his appearance on Season 2 of Shark Tank, a popular Indian show, that truly put STAGE on the map, earning widespread recognition for his innovative venture.
For more details about the educational backgrounds and experiences of the STAGE owners prior to founding the company, feel free to visit the founder LinkedIn profiles. There, you’ll find all relevant information about the owners of STAGE.
Stage Ott Platform Net Worth:
In a recent update from a news article published at the end of financial year 2022-2023 in Mar 31, 2023, STAGE net worth is estimated to be around $ 29.4 M,which is roughly equivalent to approximately Rs 245.7 crore.
And if we talk about the net worth of the financial year 2024-2025, the company is aiming to surpass a net worth of more than Rs 300 Crore by the end of the year 2024.
This significant valuation is a testament to the company’s rapid growth and success since its inception in 2019, highlighting its promising trajectory in the transportation industry.
Having said that net worth of a company depends on various factor some of these factors are:-
- Funding Stage has achieved up to date.
- Investor who has put there trust and invested the company.
- Stage company revenue.
- Stage company Valuation.
- Stage company turnover
- Stage Founder Net Worth and more such information
Let’s dive deeper into the “Stage Company Profile” and explore the essential financial aspects that shape its net worth and other financial factors.So,Let’s go and discuss them one by one.
Stage Ott Investors in India:
Currently, three investors have participated in Stage’s funding across eleven rounds, with their details outlined in the table below.
| Date of Funding | Round Name | Post Money Valuation |
|---|---|---|
| Nov 27, 2023 | Angel | Neeraj Chopra |
| Sep 01, 2023 | Series A | VSS Investco, Thapar Vision |
| Jan 07, 2023 | Angel | Aman Gupta, Peyush Bansal, and Namita Thapar |
Stage Ott Investors List:
STAGE currently has 62 institutional investors including Blume Ventures, Venture Catalysts and IPV. Blume is considered among the largest institutional investor in STAGE. Peyush Bansal, Aman Gupta and Namita Thapar along with 124 others are Angel Investors in STAGE OTT PLATFORM.
Now that we’ve introduced the key investors driving the growth and funding of the company, let’s move on to the next part of the blog: the total funding that Stage has raised to date by digging deep into the Stage Company Profile.
Stage Ott Funding:
Currently, STAGE has raised a total funding of $14.7M over 11 rounds. Its first funding round was on Sep 01, 2019. Its latest funding round was an Angel round on Nov 27, 2023, for an undisclosed amount, with Neeraj Chopra as the sole investor.
Remaining details about the funding raised by stage is provided in the table below:
| Date of Funding | Funding Amount | Round Name | Investors |
|---|---|---|---|
| Nov 27, 2023 | Unknown | Angel | Neeraj Chopra |
| Sep 01, 2023 | $206K | Series A | VSS Investco and Thapar Vision |
| Jan 07, 2023 | $1.82M | Angel | Aman Gupta, Peyush Bansal, and Namita Thapar |
Moving on to the next segment of the “Stage Company Profile”, let’s dive into the revenue generated by the company. Let’s explore how Stage has been performing financially.
Stage Ott Revenue:
The Stage OTT platform is projected to generate a monthly revenue of Rs 5-10 Crore for the financial year 2023-2024, roughly equivalent to $598K to $1195K in USD. It’s important to note that these figures are calculated based on the company’s financials and news updates.
Last update of the company revenue was updated in year 2022 where the company has generated the revenue of Rs 3.86 Crore which is roughly equal to $461 K in USD.
This balanced approach ensures a consistent and sustainable expansion, positioning the company for even greater success in the future.
In the next segment of the “Stage Company Profile,” let’s dive into the competitive landscape of the OTT industry and identify the key competitors of Stage. Understanding the competitive environment is crucial as it influences the growth potential of the company.
Stage Competitors In India:
Competitors play a vital role in determining the growth and market of the company and it also effects the financial of the company like net worth, valuation ,revenue and other parameters like sales of a company.
The stage company has at list 1570 competitor and alternative but for this blog we will bet discussing about only top 3 competitors of STAGE OTT company.The list of those top 3 competitors are given below.
Stage Competitors List:
For the blog, let’s focus on discussing the top 3 competitors of the Stage OTT company. Here’s the list of those competitors:
- Chaupal
- PurpledTV
- Reevoly
We’ll delve into each of these competitors to understand their Funding raised till now,Investors, locations and founding year to understand Stage OTT comparison better.
Top 3 Stage Competitors Companies Brief Intro:
1. Chaupal:
Chaupal is a globally renowned company that started in the year 2021 its head quarter is mainly located in Chandigarh, India and up till now they have raised the total funding of $3.77M.
2. PurpledTV:
PurpledTV is a globally renowned company that started in the year 2020 its head quarter is mainly located in Imphal, India and up till now they have raised Investment from AIC-SMUTBI .
3. Reevoly:
Reevoly is a globally renowned company that started in the year 2021 its head quarter is mainly located in Bengaluru, India and up till now they have raised the total funding of this company is not officially declared.
Stage Company Valuation:
Absolutely, the valuation of a company is indeed crucial in determining its net worth and other financial parameters. It serves as a key indicator in predicting the market value of a company.
Vinay Singhal, Shashank Vaishnav, and Parveen Singhal, the founders of STAGE, have an inspiring story of bouncing back and smartly rethinking their strategy. They turned a huge Rs 40 crore loss into a thriving business now worth Rs 290 crore in valuation.
Generally, the higher the valuation of a company, the stronger its other financial parameters tend to be.But it is not always true as because financial parameters depends on other parameters to.
Now moving on to the next part in “Stage Company Profile” where we will be primarily talking about the Stage company owner Vinay Singhal Net worth
Vinay Singhal Net Worth:
The net worth of a founder is mainly determined by three factors: the company’s net worth, the company’s valuation, and the founder’s shareholding in the company. While the first two factors have been described earlier in this blog, we’ll now focus on the third factor: the shareholding that the STAGE founders hold.
Based on the current stats, Vinay Singhal holds a net worth of roughly Rs 136 Cr (crore). The details of the other STAGE owners, including their current shareholding and net worth, are provided in the table below.
Here is the table based on the provided information:
| Owner’s of Stage Name | Share Holding % | Net Worth |
|---|---|---|
| Vinay Singhal | 47.48% | 136 Cr |
| Fund | 22.20% | 63.6 Cr |
| Enterprise | 5.63% | 16.2 Cr |
| Angel | 1.79% | 5.13 Cr |
| Other People | 0.21% | 58.9 Lakh |
| Other Investors | 18.33% | 52.6 Cr |
| ESOP Pool | 4.37% | 12.5 Cr |
| Total | 100% | 287 Cr |
Now, moving on to the next part in the “Stage Company Profile,” we will discuss the turnover that STAGE is able to generate on a yearly or monthly basis.
Stage Ott Turnover:
Currently, the company consistently generates a turnover of Rs 5-10 crore each month, amounting to Rs 60-120 crore annually. These impressive numbers for a startup are a result of the founders’ past experience in building a brand in this sector.
Now moving on to the next part in “Stage Company Profile” that include all the event that happened in shark tank and how the company was able to receive the funding.So let’s start
Stage Ott Shark Tank:India:Season 2
STAGE appeared in Shark Tank Season 2, which aired from January 2, 2023, to March 13, 2023. In terms of valuation and funding, it is considered one of the high-value startups featured in Shark Tank Season 2.
Let’s explore a brief discussion on the funding that STAGE has received and the valuation it obtained during Shark Tank Season 2.
Stage Shark Tank Funding:
In Shark Tank Season 2, STAGE secured funding totaling Rs 3 crore, structured as a combination of equity and debt. Of this amount, Rs 1.5 crore was invested for pure equity, representing 0.6% ownership stake, while the remaining Rs 1.5 crore was invested as debt with an interest rate of 18%.
This deal was a combined offer in which roughly three sharks – Aman Gupta, Namita Thapar, and Peyush Bansal – became part of the deal. Each invested Rs 50 lakhs for a 0.2% equity stake and agreed to an interest of 6% on the debt portion for each shark.
Stage Shark Tank Valuation:
The company initially aimed for a valuation of Rs 300 crore, but during Shark Tank, the valuation was negotiated down to approximately Rs 250 crore before a deal was secured. Ultimately, the deal closed at a valuation of Rs 250 crore.
Now lets end this blog about the overview of stage company profile by the most asked FAQ question.
FAQ question:Related to Stage company Profile
Who are the CEO, Founders and Directors of STAGE?
Vinay Kumar Singhal is the Co-Founder & CEO at STAGE, Parveen Singhal is the Co-Founder & CCO at STAGE, Shashank Vaishnav is the Co-Founder & CTO at STAGE and at last Harsh Mani Tripathi is the Co-Founder at STAGE.
When was the latest funding round of STAGE?
The last funding round of stage happened in Nov 27, 2023 in which more then 63 investors has participated.
How much funding has STAGE raised till date?
STAGE has raised a total funding of $14.7 Million dollar’s which is roughly equal to Rs 122 Crore.
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