Mobile Premier League (MPL) Unicorn
Mobile Premier League (MPL) is a Bengaluru-based Indian mobile gaming platform, founded in 2018, that offers 60+ skill games across fantasy sports, casual, puzzle and board categories. It became India's second gaming unicorn in 2021 at a $2.3 billion valuation, but in August 2025 was forced to suspend all real-money games in India and lay off roughly 60% of its…
Mobile Premier League (MPL): Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 15 Sep 2021 | Series E | $150 Mn | Legatum Capital Base Partners Founders Circle Capital Go-Ventures Play Ventures RTP Global | source |
| 4 Feb 2021 | Series D | $95 Mn | Composite Capital Base Partners Founders Circle Capital Go-Ventures Moore Strategic Ventures Play Ventures RTP Global SIG Telstra Ventures | source |
| 21 Sep 2020 | Series C | $90 Mn | MDI Ventures Base Partners Go-Ventures Pegasus Tech Ventures RTP Global Sequoia Capital India SIG Times Internet Limited | source |
| 24 Apr 2019 | Series A | $35.5 Mn | Go-Ventures Base Partners BeeNext RTP Global Sequoia Capital India Times Internet Limited Venture Highway | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 28 Feb 2022 | Mobile Premier League (MPL) | gameduell | Undisclosed | source |
| 20 Apr 2021 | Mobile Premier League (MPL) | gamingmonk | Undisclosed | source |
Recent Signals
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31 Aug 2025 · org-team
MPL lays off ~300 employees (about 60% of India staff) after real-money gaming ban source -
21 Aug 2025 · regulatory
MPL suspends all real-money games in India after national online-gaming ban source -
6 Dec 2023 · financial
MPL's revenue rose 63% to $104.6M in FY23 as losses narrowed 81% to $37M source
News on Mobile Premier League (MPL)
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Who founded Mobile Premier League (MPL)?
Mobile Premier League (MPL) was founded by Sai Srinivas Kiran Garimella, Shubham Malhotra in 2018.
How much funding has Mobile Premier League (MPL) raised?
Mobile Premier League (MPL) has raised $370.5 Mn across 4 tracked funding round(s), most recently on 2021-09-15. Figures are compiled from cited public sources.
Who are the investors in Mobile Premier League (MPL)?
Investors in Mobile Premier League (MPL) include Legatum Capital, Base Partners, Founders Circle Capital, Go-Ventures, Play Ventures, RTP Global, Composite Capital, Moore Strategic Ventures.
What does Mobile Premier League (MPL) do?
Mobile Premier League (MPL) is a Bengaluru-based Indian mobile gaming platform, founded in 2018, that offers 60+ skill games across fantasy sports, casual, puzzle and board categories. It became India's second gaming unicorn in 2021 at a $2.3 billion valuation, but in August 2025 was…
Where is Mobile Premier League (MPL) headquartered?
Mobile Premier League (MPL) is headquartered in Bengaluru, Karnataka, India.
What is Mobile Premier League (MPL)'s business model?
Mobile Premier League (MPL)'s core value proposition centers on Large catalog of skill games with free and paid formats, Certified fair-play and security.
How does Mobile Premier League (MPL) make money?
Mobile Premier League (MPL)'s cited revenue streams include Real-money contest entry fees (India, pre-ban), International free-to-play / paid gaming operations.