MPL Raises $95M in Series D Funding; Valued at $945M

Mobile Premier League

Mobile Premier League, an eSports, and mobile gaming platform, raised $95m in Series D funding.

This latest round, which brings total funding to $225.5m and valuation to $945m, was led by Composite Capital and Moore Strategic Ventures, with participation from Base Partners, RTP Global, SIG, Go-Ventures, Telstra Ventures, Founders Circle and Play Ventures.  

The company intends to use the funds to expand its eSports portfolio and bolster its efforts to organize more eSports tournaments nationally and internationally at scale and accelerate international expansion. 

Founded in 2018 by Sai Srinivas and Shubh Malhotra, MPL is an Asian eSports and mobile gaming platform, with over 60 million users in India and 3.5 million in Indonesia. With over 50 games across categories on its Android and iOS applications currently, the company has worked with 28 game developers to publish their games on the platform and provide them with a new revenue stream. 

The gaming platform currently employees over 500 personnel with offices in Bengaluru, Pune, Jakarta, and Singapore.