Business Standard

Gaming startup MPL set to become next unicorn after $95 mn fundraise

The coronavirus pandemic-induced lockdown in 2020 has provided a fillip to an already-booming esports industry in India and the world.

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Illustration: Ajay Mohanty

Peerzada Abrar Bengaluru
Mobile Premier League, Asia’s largest e-sports and mobile gaming platform is now valued at $945 million after raising $95 million in a Series D round. The round 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 total capital raised by MPL since its inception in 2018 now stands at $225.5 million. The Bengaluru-based firm's valuation had reached to about $450 million after raising $90 million from investors in last year in September, according to the sources.

MPL will use this fresh influx of funds to

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