MPL moves closer to becoming gaming unicorn with $95 million funding

Mon Feb 8, 2021

MPL plans to use the new funds to expand its overseas business in 2021 and also to grow its eSports portfolio by organising more tournaments at national and international level.

Bengaluru-based Mobile Premier League (MPL) has raised $95 million in a Series D round led by Composite Capital and Moore Strategic Ventures, taking the mobile eSports company's valuation to $945 million.

The investment takes MPL closer to becoming the second major unicorn in Indian gaming industry. Mumbai based fantasy gaming platform Dream 11 with estimated valuation of $1-$1.5 billion was the first startup in the gaming industry to acquire the coveted unicorn status.

Read more at: https://www.livemint.com/companies/start-ups/mpl-inches-closer-to-becoming-gaming-unicorn-with-95-million-funding-11612423030366.html

Himanshu Negi 

Delhi based writer, lover of food, oceans, and nature.

 
Powered By Spayee