Neeraj Chopra Invested Rs 7.4 Crores In Stage OTT Platform, Valuations Hits Rs 286 Cr Worth

Jeweline Throw Olympic Champion Athlete Neeraj Chopra has invested in the Stage OTT platform. The company has been known for its exclusive Haryanvi and Rajasthani content. The idea behind the app was to create a local language OTT platform. Neeraj Chopra is an Olympic Champion and Indian Track and Field athlete. He also won a Gold Medal in the Asian Games with 88.88 m best throw in the men’s Javelin throw competition. Neeraj Chopra also belongs to Haryana and wants to promote his culture to the world.

Neeraj Chopra Invested in Stage OTT Platform

Neeraj Chopra Investment In Stage OTT Platform

Neeraj Chopra is an Olympic player. He has invested in the stage company recently. He will be investing in the Stage app known for its Haryanvi and Rajasthani Content. Neeraj shares about his recent investment with the company. He says that the investment is special to him as the company promotes his culture and dialect to other people. He is passionate about working on the growth of the company. The Stage also gave its appearance on the Shark Tank platform. They got funding from the sharks as well. The company’s founders have known each other since their childhood. They are also known for building Wittyfeed which was closed due to some circumstances. The stage has made an awesome growth by having 6 million+ installs and 5,50,000+ active subscribers. The founders believe that Neeraj’s involvement will definitely have great results in the company’s growth.

How Stakes Neeraj Chopra Holds in Stage OTT Platform?

The company does not believe in freebies. They believe that people will pay the subscription if they find something quality in their content. The companies like Netflix cater to the large genre of series on their OTT platforms. This is why they can’t take care of local traits and preferences of people on such a small scale. The founders identified the gap and worked on it. There are also some other entertainment platforms as well producing local content. They also feel the niche content making to be beneficial for them. Other small platforms are also growing and seeking funding. The Stage has three co-founders, Vinay Singhal, Shashank Vaishnav, and Parveen Singhal. They all were together at the time they grew Wittyfeed as well. The company has a valuation of around Rs. 290+ crores. The founders are making their way not through IPOs at the moment. We wish that the company grow further and open its shares to the general public as well. According to sources, the company raised money through a strategic round of Rs. 7.4 crores. Neeraj Chopra got to know the company as an investor during that round.

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