India, March 21 -- Regional over-the-top (OTT) platform STAGE has raised $12.5 Mn (around INR 107.5 Cr) as a part of its Series B funding round co-led by Goodwater Capital and Blume Ventures.

The round also saw participation from Physis Capital, Venture Catalysts, Inflection Point Ventures, Mumbai Angels, The Chennai Angels, Fynd cofounder Harsh Shah and other existing angel investors.

The funding comprised $10 Mn in primary capital and $2.5 Mn in secondary capital, the company said in a statement.

STAGE plans to deploy the fresh proceeds to expand content offerings into Awadhi, Maithili and Magahi languages. Additionally, it aims to experiment with live sports, devotional and kids contents.

"This funding is not just about capital - i...