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SportsUnfold – Sports News and Biography
MPL is one of the biggest mobile apps for online gaming and fantasy sports in India. The start-up was founded in 2018 by Sai Srinivas Kiran G and Shubh Malhotra from India. MPL contains various mobile gaming options like skill-based games, daily fantasy sports, and also casual games. Check Valuation of Indian Mobile Esports MPL Till April 2022.
Some examples of games are Chess, Cricket, Football, 8 Ball Pool, Fruit Ninja, and many more. It is a big platform for fantasy cricket in India. Its rank is second after the Dream 11. MPL has already reached 85 million people in India, US, and Indonesia. It contains the service of more than 70 games.
It offers a variety of tournaments and 1v1 battles around the clock. The system of this app is to participate, compete and win cash prizes. After the announcement of the result, the player can withdraw the amount immediately via UPI, bank transfer, or any payment app. This game contains financial risk and may be addictive. Hence players should read the disclaimer before investing the money in fantasy sports.
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MPL is the newly entered unicorn club of the country. The Series E round of MPL is raising around $150 Milion from Legatum Capital, Accrete Capital, and Gaingels LLC, at a pre-money valuation of $2.3 Billion. Some existing investors like Moore Strategic Ventures LLC and RTP Global have also participated in the round.
India has 25 startups that have entered the unicorn club including MPL. It is the second esports platform after Dream11 to cross the valuation mark of $1 Billion in India. MPL had raised $95 Milion in February this year, very close to $925 Million. The previous round was led by new investors in Composite Capital, Moore Capital, and Telstra Ventures, along with participation from a bunch of its existing backers. It seems that MPL has doubled its valuation in the short period of 6 months.
MPL obtained “GamingMonk” (A Delhi-based esports platform) which holds esports gaming across multiple platforms including PC, console, and mobile. The deal amount was not disclosed.
It is also the official kit sponsor and merchandise partner of national cricket men’s and women’s sides, along with the U-19 team in India.
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