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Indian gaming platform Mobile Premier League valued at $945M in $95M fundraise TechCrunch 2/4/2021 Manish Singh
Mobile Premier League (MPL) has raised $95 million in a new financing round, just five months after it secured $90 million as the two-and-a-half-year-old Bangalore-based esports and gaming platform looks to grow in international markets.
The new $95 million round, a Series D, was led by Composite Capital and Moore Strategic Ventures and gave the Indian startup a post-money valuation of $945 million, it said. Base Partners, RTP Global, SIG, Go-Ventures, Telstra Ventures, Founders Circle and Play Ventures also participated in the round, which brings its total to-date raise to $225.5 million.
Indian gaming platform Mobile Premier League valued at $945M in $95M fundraise
Mobile Premier League (MPL) has raised $95 million in a new financing round, just five months after it secured $90 million as the two-and-a-half-year-old Bangalore-based esports and gaming platform looks to grow in international markets.
The new $95 million round, a Series D, was led by Composite Capital and Moore Strategic Ventures and gave the Indian startup a post-money valuation of $945 million, it said. (MPL was valued at about $465 million in its previous financing round in September, TechCrunch had reported.) Base Partners, RTP Global, SIG, Go-Ventures, Telstra Ventures, Founders Circle and Play Ventures also participated in the round, which brings its total to-date raise to $225.5 million.
Big league awaits Indian online gaming firms in 2021
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Fundraising by Indian online gaming firms in 2021 is expected to surpass previous records as investors will look to make the most of people staying online for longer amid the coronavirus pandemic, industry experts say.
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Bengaluru | Pune: Online gaming companies are looking at an eventful year ahead.
Casual games, esports and live streaming are growing at a fast pace as the Covid-19 pandemic-led lockdown brought more people online for longer durations.
Gaming has become a popular avenue for entertainment and investors have made big bets on the segment, even as the outlook on real money gaming companies has turned sour with regulatory roadblocks.