Online gaming App MPL will use the funding raised to expand in the international market and strengthen its technology and drive continued growth in the Indian market.
Mobile Premier League, an online gaming platform, achieved the unicorn status on Wednesday after they raised Series E funding round led by Legatum Capital. After this round of funding the platform has reached a valuation of $2.3 Billion.
Existing investors, including Sequoia, SIG, RTP Global, Go-Ventures, Moore Strategic Ventures, Play Ventures, Base Partners, Telstra Ventures, and Founders Circle Capital, also participated in the investment round.
Being the only mobile gaming platform who has reached the international markets, MPL has 85 million registered users globally. The esports platform has begun its operation in the USA and completed 2 years of operations in Indonesia.
Speaking on the investment, Sai Srinivas, Co-founder and CEO, MPL, said, “After achieving the great recognition & success in India and Indonesia we are have now moved to world’s biggest gaming market i.e USA, we are happy to expand MPL in global market and prove the potential of the Indian gaming and esports industry, we are all set to make our platform MPL, the esports and gaming hub of the world ”.
Legatum CEO and new MPL board member, Mark Stoleson, added,
“Legatum is delighted to have led this latest round of funding for MPL as it continues its incredible growth trajectory and becomes the world’s leading esports and skill gaming platform. It is an honour to support Sai, Shubh, and the outstanding team at MPL, and to join the other world-class investors in building a company that provides a top-class gaming experience for users, unmatched distribution for developers, and a commitment to building a company with the best global talent and a winning culture.”
Earlier this year, MPL acquired esports firm Gaming Monk to develop a full suite of esports and live streaming capabilities.
In early September, the platform announced a partnership with the Play Magnus Group, founded by Chess superstar Magnus Carlsen. With this partnership, MPL will host the official Indian Circuit for players to qualify for the Meltwater Champion Chess Tour. This claims to be the first-ever regional expansion for the Champion Chess Tour.
Headquartered in Bengaluru, MPL also has offices in Pune, New Delhi, Jakarta, Singapore, and New York.