Mobile Premier League is a technology company.
Mobile Premier League has raised $371.0M across 4 funding rounds.
Mobile Premier League has raised $371.0M in total across 4 funding rounds.
Mobile Premier League (MPL) is an Indian technology company that operates a leading online mobile gaming platform offering skill-based games, fantasy sports, and esports tournaments. Founded in 2018 and headquartered in Bengaluru, MPL serves over 90 million registered users globally, providing a diverse portfolio of more than 60 games including fantasy cricket, football, basketball, puzzle, casual, and board games. The platform enables users to participate in both free and paid competitions with real money rewards, targeting casual gamers and competitive players alike. MPL has demonstrated strong growth momentum, achieving profitability while expanding across India, Southeast Asia, the U.S., and Europe, supported by partnerships with major sports leagues such as the NBA and Pro Kabaddi League[1][2][5].
MPL was founded by Sai Srinivas Kiran and Shubham Malhotra, who identified an opportunity to merge esports with instant gratification on mobile devices. Initially launched with hyper-casual games and cash-backed contests, the platform quickly gained traction by focusing on player-centric design and skill-based gaming. Early success led to diversification into fantasy sports and esports, along with strategic acquisitions like GamingMonk and GameDuell to expand its community and geographic reach. The company’s evolution includes ventures into Web3 and AAA-quality mobile gaming through its Mayhem Studios division, reflecting a multi-vertical approach to future-proof its business[1][5].
MPL rides the global trend of mobile gaming and esports growth, fueled by increasing smartphone penetration, rising interest in skill-based games, and the monetization potential of fantasy sports and esports tournaments. The timing aligns with expanding digital entertainment consumption and regulatory clarity around skill gaming in India and other markets. MPL’s multi-vertical and multi-geography strategy positions it well to capitalize on these market forces, influencing the broader gaming ecosystem by setting standards for player trust, game variety, and monetization models. Its success also highlights the rise of Indian tech companies in global gaming[1][2][5].
Looking ahead, MPL is poised to deepen its footprint in existing and new markets while expanding its content offerings, including AAA-quality mobile games and Web3 integrations. Trends such as increasing demand for skill-based competitive gaming, esports mainstreaming, and digital sports engagement will shape its trajectory. MPL’s ability to innovate, maintain profitability, and adapt to regulatory environments will likely enhance its influence as a major player in the global mobile gaming industry. The company’s journey from a casual gaming startup to a diversified gaming platform underscores its potential to redefine mobile esports and fantasy sports experiences worldwide[5].
Mobile Premier League has raised $371.0M in total across 4 funding rounds.
Mobile Premier League's investors include 1Up Ventures, BDC Venture Capital, BITKRAFT Ventures, Dune Ventures, FTX Ventures, Global Founders Capital, iNovia Capital, Lightbank, Penny Jar Capital, Play Ventures, RTP Global, Deborah Liu.
Mobile Premier League has raised $371.0M across 4 funding rounds. Most recently, it raised $150.0M Series E in September 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2021 | $150.0M Series E | 1Up Ventures, BDC Venture Capital, BITKRAFT Ventures, Dune Ventures, FTX Ventures, Global Founders Capital, iNovia Capital, Lightbank, Penny Jar Capital, Play Ventures, RTP Global, Deborah Liu, Mik Attisani, Mike Lee, Neha Narkhede, Paul Heydon, Peter Kern | |
| Feb 1, 2021 | $95.0M Series D | BDC Venture Capital, FTX Ventures, iNovia Capital, Lightbank, Penny Jar Capital, RTP Global, Deborah Liu, Mike Lee, Neha Narkhede, Peter Kern | |
| Sep 1, 2020 | $90.0M Series C | RTP Global | |
| Apr 1, 2019 | $36.0M Series A | 500 Global, Golden Gate Ventures, Pieter Kemps, Peak XV Partners (formerly Sequoia Capital India & SEA), Darius Cheung |