With $2.3 billion valuation MPL joins unicorn club

Mobile Premier League (MPL) by raising funds at a $2.3 billion valuation in Series E funding and with that it has become India’s newest unicorn

Total money raised by the brand was not disclosed however the funding was led by Legatum Capital with participation from existing investors including Sequoia, SIG,RTP Global, Go-Ventures, Moore Strategic Ventures, Play Ventures, Base Partners, Telstra Ventures, and Founders Circle Capital.

The raised amount will be utilised by MPL to finance its global expansion, invest in technology and strengthen its India market footprints.

“This investment is a recognition of the potential of the Indian gaming and esports industry and an endorsement of the capability of MPL to expand globally. MPL’s proven success in India and Indonesia encouraged us to launch in the US, one of the world’s largest gaming markets. Our US operations are off to a promising start and we’re thus fulfilling our resolve to make our platform the esports and gaming hub of the world” said MPL co-founder and CEO Sai Srinivas as per CNBC.