This pandemic situation has been affecting business in many businesses. Some business are facing less demand and experiencing loss while edtech and online gaming startups like MPL is growing faster. This attracts fresh investment from the leading investors in this critical time.
Gaming Startup MPL raises $50 million in Series B round led by SIG
After WinZO’s Series B round, Mobile Premier League -MPL who is the competitor of Dream11 is raising $50-$60 million funding led by Susquehanna International Group (SIG) in his Series B round at $350-380 million market valuation.
Recently MPL’s Co-founder and CEO Sai Srinivas Kiran G said, “We do not comment on market speculations.” By replying to Entrack’s queries.
History of MPL
MPL started in 2018 and gained lots of popularity during IPL 2019 when Viral Kohli became brand ambassador for the MPL. Initially, It was built by a third-party developer.
In 2020, MPL bagged Rs 164 crores deal backed by Singapore-based parent entity M League Pte Ltd.
MPL is spending a lot on advertising and asking users to download the app and can win real money by playing games. Its revelatory Dream 11 is also doing well and got the title sponsorship of the IPL 2020.
Also read: Dream11 is the New Title Sponsor Of IPL 2020
Does MPL give money?
Mobile Premier League (MPL) is an online gaming platform that offers a plethora of games – fantasy sports, Free Fire, Rummy, Poker, Chess, Quiz, Fruit Chop, 8 ball 3D Pool, Carrom and more!
Play and win real cash for playing your favorite mobile games. MPL gives the opportunity to win real money that can be withdrawn through Paytm, UPI, Amazon Pay, and Bank transfer.
According to the MPL website it has over 4 cores download. It has customer support which solves the user’s query. It also has the membership of FCCI, Internet and mobile association of India, The Rummy federation, etc. so this all about Gaming Startup MPL raises $50 million in Series B round led by SIG