Indian esports and cellular gaming platform Mobile Premier League (MPL) raised $90M USD in Series C investment, led by using SIG and early-degree tech investor RTP Global, together with MDI Ventures and Pegasus Tech Ventures. Existing investors Sequoia India, Go-Ventures, and Base Partners additionally participated in this spherical. The investment brings MPL’s general investment to $a hundred thirty.5M after formerly elevating $40.5M.
Founded in 2018 via Sai Srinivas and Shubh Malhotra, MPL is presently present in India and Indonesia, with places of work in Bengaluru, Jakarta, and Pune, with more than 300 personnel. MPL has been in superior discussions with traders to raise capital from as early as January of this year, earlier than the pandemic hit. Between March and now, MPL has says that it noticed a 4-instances boom and claims to be the most important gaming platform in India. The platform also has greater than 60M users and has recorded extra than 2B coins transactions on the app to this point.
MPL says that this capital can be used to further accelerate its function inside the gaming marketplace, enlarge its product supplying, and grow its crew. The funding can also be used toward product improvement, with a focal point on social functions which include stay streaming and audio and video content material functions.
Since its inception MPL has introduced greater than 70 video games to its platform, working with greater than 28 sport builders and studios. Over the beyond four months, MPL said a seven-hundred%+ growth in the quantity of video games performed on the platform.
The platform also has Indian cricket captain Virat Kohli as its brand ambassador and sponsors Indian Premier League (IPL) groups – Kolkata Knight Riders and Royal Challengers Bangalore. It also secured the supplying sponsorship of fact TV show Bigg Boss (Indian adaption of Big Brother), anchored by Bollywood actor Salman Khan.