Mobile Premier League, an mobile gaming platform, raised $95m in Series D funding.
This latest round, which brings total funding to $225.5m and valuation to $945m, 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 startup said it will deploy the fresh capital to organize more esports tournaments in the country and accelerate its international expansion this year. The startup recently organized College Premier League, which saw participation of more than 13,000 gamers from over 100 colleges. “We are excited to partner with the MPL team and support their continued growth. As an industry leader in the gaming market, we believe the company will continue to innovate and drive the evolution of eSports, both in India and internationally,” said Kanush Chaudhary, managing director, Composite Capital, in a statement.
Founded in 2018 by Sai Srinivas and Shubh Malhotra, MPL mobile gaming platform, with over 60 million users in India and 3.5 million in Indonesia. With over 50 games across categories on its Android and iOS applications currently, the company has worked with 28 game developers to publish their games on the platform and provide them with a new revenue stream