OTT platform Stage raises USD 12.5 mn in funding

New Delhi: OTT platform 'Stage' on Friday announced a USD 12.5 million (Rs 107.5 crore) fundraising in a round led by Goodwater Capital and Blume Ventures, with participation from Physis Capital and prominent angel investors.

The platform dedicated to regional cultures has been notching an annual recurring revenue of Rs 180 crore and boasts 44 lakh paying households, as per a statement.