Mobile Premier League gets $90 million in funding to take on the IPL rush

MPL
  • MPL has raised funding from SIG Global and early stage tech investor RTP Global, along with MDI Ventures and Pegasus Tech Ventures.
  • MPL’s funding comes just days after its competitor Dream Sports (which runs Dream11) had raised $225 million.
  • The two-year old startup has said that the number of games available on the platform has grown by 700% in the last four months during the coronavirus lockdown.
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Indian mobile gaming platform Mobile Premier League has raised $90 million from SIG Global and early stage tech investor RTP Global, along with MDI Ventures and Pegasus Tech Ventures. The Series C round also saw participation from its existing investors Sequoia India, Go-Ventures, and Base Partners.

With the funding, MPL’s valuation could hit $350 million, according to an Entrackr report. MPL’s funding comes just days after its competitor Dream Sports (which runs Dream11) had raised $225 million from Tiger Global, TPG Tech Adjacencies (TTAD), ChrysCapital and Footpath Ventures.

The two-year old startup has said that the number of games available on the platform has grown by 700% in the last four months during the coronavirus lockdown.
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“This latest round of funding will enable us to entertain and connect an even larger audience across India and beyond. Being able to bring quality technology, competitive spirit and enjoyment to people in such an accessible way is what keeps us excited,” said Sai Srinivas, Co-Founder and CEO at Mobile Premier League.

MPL’s funding also comes at a time when the startup is hoping to garner more users during the ongoing Indian Premier League. The startup is also one of the sponsors for the Royal Challengers Bangalore and Kolkata Knight Riders teams. Indian skipper Virat Kohli is the brand ambassador for the startup.


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