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Gaming start-up Mobile Premier League raises $90 mn, valuation triples

MPL whose brand ambassador is Indian Cricket Captain Virat Kohli raised the funds in Series C round led by SIG and RTP Global, along with MDI Ventures and Pegasus Tech Ventures

Mobile gaming

With approximately 300 million gamers, India sits among the top five gaming markets globally

Peerzada Abrar Bengaluru
Mobile Premier League (MPL), an e-sports and mobile gaming platform, has raised $90 million in Series C funding, led by SIG and early-stage tech investor RTP Global, along with MDI Ventures and Pegasus Tech Ventures. Existing investors Sequoia India, Go-Ventures, and Base Partners also participated in this round. The funding has almost tripled the valuation of the Bengaluru-based firm to around $450 million, according to sources. Its earlier valuation was about $120-150 million. The new investment brings MPL’s total funding to $130.5 million after previously raising $40.5 million.

“This deal and the valuation was done in February 2020. However, due

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First Published: Sep 21 2020 | 5:18 PM IST

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