Company Intelligence Profile
Stage Technologies Private Limited
STAGE is a subscription-led, dialect-based regional OTT platform (Haryanvi, Rajasthani, Bhojpuri) operated by Stage Technologies Pvt Ltd, backed by Blume Ventures and Goodwater Capital.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Stage Technologies Private Limited |
|---|---|
| CIN | U74110DL2019PTC403234 |
| PAN | AAICC1279L (derived from GSTIN; confirmed via Delhi 07 and MP 23 GST registrations, both PAN AAICC1279L) |
| Status | Active |
| Listing | Unlisted (private limited) |
| Incorporated | 12 April 2019 |
| ROC | RoC-Delhi |
| Sector (NIC) | NIC 74110 basis CIN (professional/other activities as classified at incorporation); business is OTT video streaming / digital media & entertainment |
| Registered address | Room 203, Second Floor, 2-A/3, Kundan Mansion, Asaf Ali Road, Turkman Gate, Central Delhi, Delhi 110002 (per Tofler & TheCompanyCheck). Operational/GST address also at Shekhar Central, 616, Palasia Square, AB Road, Indore, Madhya Pradesh 452001. |
| Authorized capital | Rs 36 lakh (confirmed: Tofler + TheCompanyCheck agree) |
| Paid-up capital | Rs 7.51 lakh (confirmed: Tofler + TheCompanyCheck agree) |
Business Overview
Confirmed- Subscription-led regional (dialect-based) OTT video streaming platform offering original shows and films in languages such as Haryanvi, Rajasthani and Bhojpuri
- Founded by former WittyFeed team
- ~20M users and 4.4M+ paying subscribers at end-FY25
- ~99% of operating revenue from subscriptions (Source: Entrackr FY25)
Directors & DINs
Partial / conflicting| Name | DIN | Role | Appointed |
|---|---|---|---|
| Vinay Kumar Singhal ( | 03559501 | - | - |
GST & PAN
Partial / conflicting| GSTIN | State | PAN | Status |
|---|---|---|---|
| 07AAICC1279L1ZC | Delhi | AAICC1279L (derived from GSTIN; confirmed via Delhi 07 and MP 23 GST registrations, both PAN AAICC1279L) | - |
| 23AAICC1279L1ZI | Madhya Pradesh | AAICC1279L (derived from GSTIN; confirmed via Delhi 07 and MP 23 GST registrations, both PAN AAICC1279L) | Active |
PAN AAICC1279L. Primary/home-state GSTIN (Delhi, matching CIN jurisdiction): 07AAICC1279L1ZC. Second registration (Madhya Pradesh): 23AAICC1279L1ZI (Active, Regular; Indore address). At least 2 GST registrations. Home state: Delhi. Source: piceapp GSTIN pages (derived from PAN AAICC1279L). Status: MP registration reported Active; Delhi status not separately confirmed.
Financials
Confirmed- Standalone (MCA/RoC annual filings, as reported by Entrackr & TheCompanyCheck)
- FY25 (ended 31 Mar 2025): Revenue from operations ~Rs 111 Cr (6.2x YoY)
- subscription revenue ~Rs 110 Cr (~99%)
- total expenses ~Rs 141 Cr
- advertising/marketing spend ~Rs 115 Cr (~82% of costs)
- employee benefits ~Rs 12 Cr
- net loss ~Rs 28 Cr (up 27%)
- EBITDA margin ~ -24%
- ROCE ~ -48.7%
- cash & bank ~Rs 69 Cr
- current assets ~Rs 83 Cr. FY24: Revenue ~Rs 18 Cr
- total expenses ~Rs 41 Cr
- net loss ~Rs 22 Cr. Exact EBITDA (absolute), PAT reconciliation, net worth and total borrowings figures: not obtained
- Standalone
- no consolidated statements identified
Funding
Confirmed- Total raised ~$23.8M across multiple rounds (2019 onward)
- Notable: ~Rs 40 Cr round led by Blume Ventures (Jan 2023, with NB Ventures, Dholakia Ventures, Mumbai Angels, LetsVenture, AngelList and others)
- Series B of $12.5M announced Mar 2025 led by Goodwater Capital and Blume Ventures ($10M primary + $2.5M secondary), with Physis Capital, Inflection Point Ventures, Venture Catalysts, Mumbai Angels, Harsh Shah (Fynd), Aayush Phumbhra (Chegg) and others
- Post-round valuation reported ~Rs 674 Cr (~$80M) per TheKredible
- Venture-debt investor Alteria Capital also associated
- Sources: Entrackr, YourStory, Inc42, The Tech Portal
Competitors
Confirmed- Chaupal (Punjabi/Haryanvi/Bhojpuri OTT
- similar/smaller scale), Aha (Telugu/Tamil
- larger regional OTT), Hoichoi (Bengali
- established), ShemarooMe (multi-language
- larger), Planet Marathi (Marathi
- smaller), Addatimes (Bengali
- small)
- STAGE is differentiated by hyperlocal dialect focus (Haryanvi/Rajasthani/Bhojpuri)
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