MPL raises $90 million in funding led by SIG, MDI, RTP

NEW DELH: Esports and portable gaming stage Mobile Premier League (MPL) on Monday said it has raised USD 90 million (about Rs 661.3 crore) in financing drove by SIG and beginning phase tech speculator RTP Global, alongside MDI Ventures and Pegasus Tech Ventures.

Existing speculators Sequoia India, Go-Ventures and Base Partners additionally partook in the Series C cycle, an announcement said. The most recent speculation carries MPL’s all out subsidizing to USD 130.5 million, it included.

Since its establishing in September 2018, MPL has included over 70 games on its foundation, working with over 28 game engineers and studios. Its client base has developed to more than six crore clients. The organization has recorded more than 2 billion money exchanges on the application till date. MPL is right now present in India and Indonesia, with workplaces in Bengaluru, Jakarta, and Pune, and with a faculty quality of over 300.

“This capital will be used to further accelerate MPL’s dominant position in the gaming market, expand its product offering, and grow its team. The funding will also be used towards product development with a focus on social functions such as live streaming, and audio and video content features,” the announcement said.

“In a short time, MPL has taken the gaming market by storm, with our various offerings and partnerships, which have helped us stand out in the industry. This latest round of funding will enable us to entertain and connect an even larger audience across India and beyond,” Sai Srinivas, Co-Founder and CEO at Mobile Premier League, said.

The internet gaming industry is seeing immense and expanding commitment and this new capital infusion is verification of MPL’s capability to lead and change this space, he included.

“Gaming has been one of the largest growing entertainment industries in the world, and we believe that mobile games have contributed to the major growth of this industry, especially in Asia. We are excited to provide continuous support with our partners as they strengthen their position both in their home market and in our home market, Indonesia,” Winston Adi, Head of Investments at MDI Ventures, said.