Mobile Premier League Valued At $2.3 Billion After Latest Round Of Funding

Mobile Premier League (MPL), Asia’s largest esports and skill gaming platform, recently announced that it raised its Series E round of financing led by Legatum Capital at a pre-money valuation of $2.3 billion. MPL plans to use this new capital to finance its global expansion, invest in its home-grown technology, and drive continued growth in the Indian market.

“This investment is a recognition of the potential of the Indian gaming and esports industry and an endorsement of the capability of MPL to expand globally,” said Sai Srinivas, the CEO of MPL. “MPL’s proven success in India and Indonesia encouraged us to launch in the US, one of the world’s largest gaming markets. Our US operations are off to a promising start and we’re thus fulfilling our resolve to make our platform the esports and gaming hub of the world.”

MPL recently began operating in the United States of America and completed two years of operations in Indonesia, making it the only mobile gaming platform from India with a growing international presence. MPL currently has over 85 million registered users globally. It is endorsed by Indian Cricket Captain Virat Kohli, and, earlier this year, signed Indonesian actor and internet celebrity Baim Wong as its brand ambassador in Indonesia.

The latest fundraiser was led by Legatum Capital. Existing investors including Sequoia, SIG, RTP Global, Go-Ventures, Moore Strategic Ventures, Play Ventures, Base Partners, Telstra Ventures, and Founders Circle Capital also participated in the round.

(All information was provided by Business Leader)

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