MUMBAI: Stage, the streaming platform championing India’s regional languages and cultures, has secured $12.5m in Series B funding led by Goodwater Capital and Blume Ventures, with Physis Capital and angel investors also piling in.
The platform, which focuses on underserved linguistic communities, has become something of a dark horse in India’s crowded streaming market. Stage now boasts Rs 180 crore in annual recurring revenue, 4.4m paying households and over 20m app installations—impressive figures for a service that began by exclusively targeting Haryanvi speakers.
Stage’s numbers tell a compelling story: a 289 per cent surge in revenue and 286 per cent jump in subscribers over the past year. Popular originals such as Videshi Bahu (Haryanvi), Kaand 2010 (Haryanvi) and Bhawani (Rajasthani) have helped drive growth, alongside the National Award-winning Dada Lakhmi featuring Bollywood veteran Yashpal Sharma.
“What if stories could make people fall in love with their roots? That’s the question we asked five years ago,” reflected Stage chief executive and co-founder Vinay Singhal, on X (foremerly Twitter). “To everyone who’s ever hidden their dialect to sound ‘professional’… Walk taller today. Your culture, your dialect is not a liability. It is a matter of pride. And we’ll keep fighting to prove it. And this funding isn’t just about capital—it’s a resounding validation of India’s regional culture.”
The platform’s success challenges the conventional wisdom that regional content remains a niche play. Harsh Mani Tripathi, chief product officer and co-founder, puts it bluntly: “Every subscriber who joins Stage isn’t just a user—they’re custodians of their culture.”
Ritesh Malik, a Stage board member, waxed lyrical about the company’s mission: “By amplifying underrepresented voices and making regional dialects aspirational, Stage is not just shaping content—it’s shaping culture.
With Bhojpuri content now live, Stage’s roadmap for 2025-26 involves breaking into new cultural territories while deepening its footprint in existing markets. “This isn’t just a growth story. It’s a movement. As we always say: ‘Company Nahin, Hum Kranti Hain!’,” declares Singhal.
Reflecting on the journey, Karthik Reddy of Blume noted with satisfaction: “To see it bloom to Rs 15 crore a month when sceptics said no one would pay or watch this as primary content is very satisfying.”
The once-free Haryanvi app has certainly found its voice—and paying audience.
