The Mobile Premier League (MPL) has raised $ 90 million in the second round of funding as Bangalore-based two-year-old sports and mobile gaming platforms expand their user base and appear to be expanding beyond India.
SIG, RTP Global start-up technology investor, and MDI Ventures, with the participation of existing investors Sequoia India, Go-Ventures, and Partners, managed around $ 90 million MPL of Series C financing. The investment to date of the MPL total fund reaches $ 130.5 million.
MPL operates a pure-game gaming platform that hosts many tournaments. The app, which has gathered over 60 million users and hosts nearly 70 games, also serves as a publishing platform for other gaming firms.
The Bangalore-based startup also offers imaginative sports, a part that has risen in many parts of India in recent years.
Because imaginary sports are only part of the business, the coronavirus virus, which has captured much of the real-world competition, has not hindered startup growth in recent months. Initially claimed that it has grown four times since March this year. More than 2 billion transactions have been recorded on the app.
“Even in an environment as challenging as the current one, we are impressed with the success and achievement of the platform concept – diverse user experience and social interaction. The MPL record speaks for itself, so we’m excited to see the team as they grow. and broadly support it, ”said Galina Chifina, Managing Partner at RTP Global, in a statement.
But because one side of MPL is about imaginary sports, its app is not available on the Google Play Store. Google bans online casino, and other forms of betting, it repeated last week has launched the Indian financial services platform Paytm from the Play Store eight hours. Sai Srinivas, co-founder and chairman of the Premier League, declined to comment on the Google and Paytm section.
In an interview with TechCrunch, he said the startup plans to expand outside India in the coming months. He did not name new markets, but suggested that India’s neighboring countries would become part of it.
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