The birth of OTT platform STAGEx

Post author:Yash A
Post published:May 24, 2022
Post category:Startup Stories
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Reading time:8 mins read

Hello Readers,

In 2016, content website WittyFeed’s founders Vinay Singhal, Shashank Vaishnav, and Praveen Singhal woke up to a nightmare. The company—India’s answer to American company BuzzFeed—lost its Facebook page overnight.

Later that year, the trio set out to build a Netflix for Bharat—STAGE, an artist and dialect-based OTT platform for Indians. Today, the hyperlocal video entertainment platform has recorded more than two million downloads and has over one lakh paying customers.

This week, on YS UNCUT, Vinay of STAGE talks about his journey of building and losing a business and starting up again.

Despite facing years of struggle and rejections while building STAGE, the co-founder says he would not change a thing.

“Jo hua acha hua (Whatever happened, happened for the best). It only made us better entrepreneurs in the process…If you don’t give up, life does give you a way out,” Vinay tells YS, Read More.

Editor’s Pick: I Dream of Sunny fan verse

Actor-entrepreneur Sunny Leone has launched ‘I Dream of Sunny’, a fan verse that combines NFTs (Non-Fungible Tokens), Artificial Intelligence (AI), fan verse, gaming, lucky draw, winning combination, and more to reach out to a wider audience. Sunny tells HerStory about her entrepreneurial journey so far and lessons learned along the way. Read more.

Startup Spotlight

Goodbye warranty cards

BITS Pilani alumnus Shashwat Agarwal noticed that many households misplace physical bills, warranty cards, AMC (Annual Maintenance Contract) receipts, service bills, etc., of most appliances.

In 2021, he launched TOTOKO, a post-sales management startup that offers a centralised platform to assist households and MSMEs with warrantied items and post-sales services. Read more.

News & Updates

Foodtech platform Zomato reported a loss of Rs 347.4 crore in the fourth quarter (Q4) of the fiscal year (FY) 2022. This is nearly five times the loss in its previous quarter, and 2.5 times the loss it reported a year ago in the same quarter.

Nearly 100 CEOs and over a dozen government authorities from India are in Davos, Switzerland to attend the annual meeting of the World Economic Forum. Some of the startup founders attending the event include OYO’s Ritesh Agarwal and BYJU’S Founder Byju Raveendran.