Mobile Premiere League raises $90 million amid IPL fever

Mobile Premiere League
Image used for illustration

Mobile Premiere League (MPL), a Bengaluru based online gaming startup, has raised $90 million in Series C funding round led by SIG, early stage tech investor RTP Global, MDI Ventures. Sequoia India, Go ventures and Base Partners (Existing investors in MPL) also participated in the financing round. Last year, the startup raised nearly $35.5 million from Sequoia India, Times Internet and Go Ventures. The new investment brings Mobile Premiere League’s to date raise to $130.5 million.

After raising $90 million as a funding, MPL has become the second largest fund raiser in gaming startups category. Dream Sports, which is a fantasy gaming platform, had raised $225 million earlier this month from Investors like Tiger Global Management, TPG Tech Adjacencies, ChrysCapital and Footpath Ventures.

The startup plans to expand its presence to more countries in upcoming months, Sai Srinivas Kiran G (Cofounder of MPL) told Techcrunch. He suggested that Indian neighboring countries as well as Japan and South Korea could be be the next targeting markets for MPL though he didn’t mention the name of any new market specifically.

The startup has its presence in India and Indonesia, with offices in Bengaluru (Head office), Pune and Jakarta. MPL has currently more than 300 employees working in its offices across the two countries.

Mobile Premiere League app is available for both Android and iOS users

MPL’s app is available both for Android and iOS devices. However, iOS device users can download the app directly from App store but Android users have to go to company’s website to download the app. The app is not listed on Google’s app store (Google Play Store) due to Google’s new policy which doesn’t allow any real money gaming platforms on Play Store.