MPL raises $95 million in Series D round
February 04, 2021
Sai Srinivas, co-founder, and CEO, MPL×
Valued at $945 million post fund raise
Mobile Premier League, Asia’s largest eSports and mobile gaming platform, is now valued at $945 million after raising $95 million in a Series D round.
The round was led by Composite Capital and Moore Strategic Ventures, with participation from Base Partners, RTP Global, SIG, Go-Ventures, Telstra Ventures, Founders Circle and Play Ventures. The total capital raised by MPL since its inception in 2018 now stands at $225.5 million.
The MPL gaming platform has over 60 million users in India and over 3.5 million users in Indonesia. With over 50 games across categories on its Android and iOS applications currently, MPL has worked with 28 game developers to publish their games on the platform and provide them with a new revenue stream.
MPL) said it is now valued at $945 million after picking up $95 million in its Series D funding round, more than
double from the valuation when it raised capital in September last year.
The round was led by Composite Capital and Moore Strategic Ventures, with participation from Base Partners, RTP Global, SIG, Go-Ventures, Telstra Ventures, Founders Circle and Play Ventures. MPL’s early investors include Sequoia India and Times Internet .
With this, the company has racked up a total of $225.5 million since its inception in 2018.
The gaming startup plans to use the funds raised to expand its e-sports portfolio and strengthen its efforts to organise more eSports tournaments at both national and international levels at scale. The proceeds raised will also be used to accelerate MPL s overseas expansion this year.
Mobile Premier League raises $95mn, nears unicorn status
By IANS |
Published on
Thu, Feb 4 2021 16:51 IST |
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Mobile Premier League raises $95mn, nears unicorn status. Image Source: IANS News
New Delhi, Feb 4 : E-sports and mobile gaming platform Mobile Premier League on Thursday said it is now valued at $945 million after raising $95 million (approximately Rs 693 core) in a Series D round.
The latest round was led by Composite Capital and Moore Strategic Ventures, with participation from Base Partners, RTP Global, SIG, Go-Ventures, Telstra Ventures, Founders circle and Play Ventures.
The total capital raised by MPL since its inception in 2018 now stands at $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.
MPL valued at $945 million post Series D round fundraise The eSports and mobile gaming platform raised $95 million in a Series D round led by Composite Capital and Moore Strategic Ventures by
Updated: Feb 4, 2021 6:20 PM
Virat Kohli-backed eSports and mobile gaming platform Mobile Premier League is now valued at $945 million after raising $95 million in a Series D round led by Composite Capital and Moore Strategic Ventures.
Last week, MPL also announced raising $500,000 from existing employees under its Employee Investment Plan, which saw participation from 10% of the company’s employees.
The MPL gaming platform has over 60 million users in India and over 3.5 million users in Indonesia. With over 50 games across categories on its Android and iOS applications currently, MPL has worked with 28 game developers to publish their games on the platform and provide them with a new revenue stream.