Sep 23, 2020 | Mallika Rangaiah
The mobile e-sports startup Mobile Premier League (MPL) has hoisted a series C funding of $90 million from SIG, RTP Global, and MDI Ventures. This brings total infusions into the platform to $130.5 million.
Present investors Sequoia India, Go-Ventures, and Base Partners likewise partook in the round.
As reported by the Economic Times, Previously in April 2019, MPL had hoisted $35.5 million up in Series A infusion through Sequoia India, Times Internet, and GoVentures.
The $90 million funding hoisted by MPL is the second biggest infusion into a gaming startup in 2020, coming after the $225 million amount hoisted by Dream Sports, popular for a fantasy gaming platform, initially in this month through Tiger Global Management, TPG Tech Adjacencies, ChrysCapital, and Footpath Ventures.
Internet gaming in the Indian nation has been getting up to speed swiftly because of the developing cell phone ado as well as effortless admittance to 4G speeds. Post Coronavirus, various gaming startups have witnessed critical development as far as new users and the time invested by them on their platforms is concerned. A significant number of users presently originate from littler towns.
This has pulled in new infusions into gaming startups. As indicated by Venture Intelligence, the last twofold digit financing in Indian gaming new businesses in a solitary quarter was in Q2 2019.
Established in 2018 by Sai Srinivas and Shubh Malhotra, who likewise helped to establish Creo, MPL is one of the main real money gaming platforms in the Indian nation with more than 60 million customers.