October 30, 2020

MPL: MPL raises $90 million in funding led by SIG, MDI, RTP

NEW DELH: Esports and cellular gaming platform Cell Premier League (MPL) on Monday stated it has raised USD 90 million (about Rs 661.three crore) in funding led by SIG and early stage tech investor RTP International, together with MDI Ventures and Pegasus Tech Ventures.

Current buyers Sequoia India, Go-Ventures and Base Companions additionally participated within the Sequence C spherical, a press release stated. The newest funding brings MPL’s complete funding to USD 130.5 million, it added.

Since its founding in September 2018, MPL has added over 70 video games on its platform, working with over 28 sport builders and studios. Its consumer base has grown to over six crore customers. The corporate has recorded over 2 billion money transactions on the app until date. MPL is at present current in India and Indonesia, with workplaces in Bengaluru, Jakarta, and Pune, and with a personnel energy of over 300.

“This capital shall be used to additional speed up MPL’s dominant place within the gaming market, broaden its product providing, and develop its group. The funding can even be used in the direction of product growth with a give attention to social features similar to stay streaming, and audio and video content material options,” the assertion stated.

“In a short while, MPL has taken the gaming market by storm, with our varied choices and partnerships, which have helped us stand out within the trade. This newest spherical of funding will allow us to entertain and join a fair bigger viewers throughout India and past,” Sai Srinivas, Co-Founder and CEO at Cell Premier League, stated.

The web gaming trade is seeing large and rising engagement and this recent capital injection is proof of MPL’s potential to guide and remodel this area, he added.

“Gaming has been one of many largest rising leisure industries on this planet, and we imagine that cellular video games have contributed to the most important progress of this trade, particularly in Asia. We’re excited to offer steady help with our companions as they strengthen their place each of their dwelling market and in our dwelling market, Indonesia,” Winston Adi, Head of Investments at MDI Ventures, stated.