Mobile Premier League is a mobile gaming and sports platform that has raised $95M in Series D funding.
Composite Capital and Moore Strategic Ventures led this latest round. It brought the total funding to $225.5 millions and the value to $945 million. Participation from Base Partners and Telstra Ventures, SIG and Go-Ventures was also included.
These funds will be used by the company to expand its eSports portfolio and to support efforts to organize more eSports tournaments at national and international levels. They will also be used to accelerate international expansion.
MPL was founded by Shubh Malhotra and Sai Srinivas in 2018. It is an Asian eSports platform and mobile gaming platform. There are over 60 million Indian users and 3.5 million Indonesians using MPL. The company currently offers over 50 games in various categories on Android and iOS. 28 game developers have collaborated with the company to publish their games and create a new revenue stream.
The gaming platform has offices in Bengaluru and Pune, Jakarta, Jakarta, Singapore and Singapore.
The business stated that it will use the extra money this year to expand its global reach and host more domestic competitions in esports. The College Premier League was recently launched by the startup, which attracted more than 13,000 players from over 100 colleges. We are excited to support the MPL team as they grow. Kanush Chaudhary is the managing director at Composite Capital. He stated that “The Company will continue developing and driving the evolution of eSports both in India as well as abroad.” We feel that the company is a leader within the gaming industry.”
The startup, which is based in Bangalore, also offers fantasy sports. This has become a very popular pastime in India over the past few years. The startup has seen rapid growth, despite the fact that fantasy sports is just one aspect of its business. This was despite the recent coronavirus epidemic which forced most matches to be cancelled.
MPL’s app doesn’t appear on Google Play so its growth is amazing. Google, the second largest internet market in the world, has banned fantasy sports apps from its Play Store.