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Founded
2018
Headquarters
Bengaluru (India)
Status
Series E
Company Details
Mobile Premier League (MPL) is a prominent Indian online gaming platform founded in 2018 by Sai Srinivas Kiran and Shubham Malhotra. Headquartered in Bengaluru, MPL has rapidly grown to become one of the largest esports and skill gaming platforms globally, offering over 70 games across various categories, including fantasy sports, casual games, and puzzles.
Expansion and Partnerships
MPL initially launched in India and expanded to Indonesia in 2019, followed by the USA in 2021. In 2022, it acquired GameDuell, a Berlin-based game studio, marking its entry into the European market. The company has also engaged in partnerships with major sports leagues such as the NBA and Pro Kabaddi League.
Social Responsibility
MPL has faced challenges related to cybersecurity, particularly concerning the safety of young gamers on its platform. A report highlighted concerns about cybercriminals targeting vulnerable users for financial exploitation.
Key Metrics
Total Equity Funding
$396 million
No. of Funding Rounds
10
Latest Funding Round
$2.6Million, Series E
as of August 21, 2023
Post Money Valuation
$2.19billion
as of N/A
Funding Multiple
5.8
as of N/A
Investors
Peak XV Partners
and 2 moreEmployee Count
790
Similar Companies
Shortgun
Exit Details
N/A
All Funding Rounds
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| August 21, 2023 | Series E | $2.6Million | $2.2Billion | $114.0Million | 19.1x | Base Partners, Peak XV Partners, Beenext, SIG, VGames, MDI Ventures, RTP Global, Moore Ventures, Founders Circle Capital, Telstra Ventures, Venture Highway, Gentree, MSA, Play Ventures, Fenox Venture Capital, Gaingels |
| May 19, 2022 | Series E | $5.9Million | $2.2Billion | $72.1Million | 30.2x | Accrete,MSA Novo |
| September 15, 2021 | Series E | $157.0Million | $2.2Billion | $58.3Million | 34.7x | Legatum, Accrete, Gaingels, RTP Global, Play Ventures, Base Partners, Telstra Ventures, Founders Circle Capital, Google Ventures, Almeda Ventures, Octahedron Capital, Toy Ventures, SIG Venture Capital, VGames, Peak XV Partners, Moore Ventures, Sequoia Capital |
| April 23, 2021 | Series D | $4.7Million | $994.0Million | $52.1Million | 19.0x | VGames, Peak XV Partners Major Plafrom, Brahminy Group, Carbon Group |
| February 3, 2021 | Series D | $95.0Million | $853.0Million | $47.2Million | 16.1x | Composite Capital Management, Telstra Ventures, Base Partners, Founders Circle Capital, Play Ventures, Google Ventures, Gentree, RTP Global, SIG Venture Capital, Moore Ventures, VGames GoVenture, CMPL Ventures, Carbon, Major Plafrom |
| January 29, 2021 | Series D | $500.0K | - | $43.5M | - | - |
| September 17, 2020 | Series C | $90.0Million | $347.0Million | $28.6Million | 9.0x | Pegasus Tech Ventures, MDI Ventures, RTP Global, SIG, Google Ventures, SIG Venture Capital, Bas Cooleye Partners, Beenext, gv-gv.com, CE Venture Capital, Fenox Venture Capital, Peak XV Partners, VGames GoVenture, Pennbrook Capital, Crescent Enterprises, Preqin |
| January 29, 2019 | Series A | $35.5Million | $149.0Million | - | - | Peak XV Partners, Beenext, Venture Highway, Base Ventures, RTP Global, Sequoia Capital GoVenture, Times Internet, Gojek |
| July 6, 2018 | Series A | $5.0Million | $12.5Million | - | - | Peak XV Partners, Beenext, Venture Highway, Sequoia Capital Times Internet |