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The Fiji Times » Investment scheme

The Fiji Times » Investment scheme
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Passing the stakes - The Hindu BusinessLine


Passing the stakes
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Esports and mobile gaming platform Mobile Premier League (MPL) has raised $500,000 from its employees as part of a unique Employee Investment Plan. The plan, which was announced in December 2020, was open to all employees of MPL. They could invest anywhere between $2,300 and $23,000 in the company and acquire stock. Over 10 per cent of MPL employees participated.
“This initiative was introduced so that our most valuable asset, our employees, get an opportunity to own part of MPL and participate in the company’s success,” said Joe Wadakethalakal, the company’s Senior Vice-president, Corporate Development and Investor Relations.
Published on ....

Joe Wadakethalakal , Corporate Development , Mobile Premier League , Employee Investment , Senior Vice President , பெருநிறுவன வளர்ச்சி , கைபேசி ப்ரிமியர் லீக் , ஊழியர் முதலீடு , மூத்தவர் துணை ப்ரெஸிடெஂட் ,

MPL announces unique Employee Investment Plan; raises $500,000


The plan enables existing MPL employees to become shareholders
28 Jan, 2021 - 12:33 PM IST     |     By indiantelevision.com Team    
Mobile Premier League (MPL), India’s largest esports and mobile gaming platform, today announced that it has raised $500,000 from its existing employees as part of its unique Employee Investment Plan.
MPL’s efforts to ensure that talent in the company is rewarded is not new. In September 2020, the company had announced an ESOP buyback plan worth $3.2 million during its Series C funding round, which saw it raise $90 million from SIG, RTP Global, MDI, Sequoia India, and others.
This unique Employee Investment Plan, which was announced in December 2020, was open to all employees of MPL. They could invest anywhere between $2,300 and $23,000 in the company and acquire stock. Over 10 percent of MPL employees participated in this plan, with the total amount raised at $500,000. ....

Joe Wadakethalakal , Corporate Development , Mobile Premier League , Employee Investment , Sequoia India , Employee Investment Plan , Investor Relations , பெருநிறுவன வளர்ச்சி , கைபேசி ப்ரிமியர் லீக் , ஊழியர் முதலீடு , சீக்வோயா இந்தியா , ஊழியர் முதலீடு திட்டம் , முதலீட்டாளர் உறவுகள் ,