Thursday, June 30, 2022
No Result
View All Result
Esports Grizzly
  • Home
  • College Esports
  • Industry
  • GamesUpdates!
    • Call of Duty
    • Counter Strike
      • CS:GO Betting Sites
    • DOTA 2
      • Dota 2 Betting Sites
    • FGC
    • Fortnite
    • League of Legends
      • League of Legends Betting Sites
    • Mobile Legends
    • Overwatch
    • PUBG
    • Rainbow Six Siege
    • Valorant
  • Esports Betting SitesNew
    • Bitcasino Esports Review | Evil Geniuses’ Home Esports Bookmaker
    • Sportsbet.io Esports Review
    • Cloudbet Esports Review | Is Cloudbet Legit?
    • Dogecoin Esports Betting Sites
    • Luckbox Review (2021) – Is Luckbox Esports Safe?
    • Betway Esports Review
    • GG.Bet Esports Review | League of Legends, Dota 2 and CS:GO
    • Rivalry Esports Review
    • Pinnacle Esports Review
  • Consoles
  • Streamers
  • Q&A
  • Blog
  • Opinion
  • Newsletter
Thursday, June 30, 2022
No Result
View All Result
Esports Grizzly
No Result
View All Result

mobile-premier-league

Image credit: MPL

Mobile Premier League Now Worth $2.3BN

in Industry
September 16, 2021
  • Mobile Premier League raises an undisclosed amount in a Series E funding round
  • The company reaches a total valuation of $2.3 billion
  • CEOs want to use newly acquired capital to expand into western markets

Mobile Premier League, the popular mobile esports matchmaking platform, has recently achieved what in business parlance is called unicorn status after their latest investment, reaching a valuation of $2.3 billion.

Legatum Capital Invests in Mobile Premier League

Mobile Premier League, or MPL for short, is a leading platform that allows gamers to find matches and daily esports tournaments. Mobile gaming is hugely popular in South-East Asian countries such as India, Indonesia, and Taiwan. With titles like PUBG Mobile being extremely popular in said countries, it is to no one’s surprise that MPL has grown significantly in the last few years.

Recently, the company had its Series E funding round and is now being valued at $2.3 billion. The Dubai-based investment company Legatum Capital consigned, according to some sources like Business Standard, over $150 million, although Mobile Premier League has not officially disclosed such information. The company was valued at $945 million in February 2021, after Series D round, and with this investment it has now surpassed $1 billion, making it what is called in business slang “a unicorn”.

New Markets to Expand Into

Co-founder and chief executive of MPL, Sai Srinivas, said that his company has already gained much success in the Asian market, particularly in Indonesia and India. He added that they now would like to expand their operations on western markets and particularly in the US, where according to him the company is off to a promising start.

Srinivas founded MPL along with Shubham Malhotra, who previously worked in Bengaluru-based media streaming technology startup Creo in 2018. Users of the platform can play mobile games for real money. it also allows developers to monetize their games straight from the first day of publishing them. The platform caters to both casual and professional gamers.

Senior vice president of corporate development at MPL, Joe Wadakethalakal, said that the company’s business strategy allows them to pool user liquidity, enable synchronous competitions, aggregate gaming content, and drive superior matchmaking. He stated this is the key to user retention and monetization.

With a portfolio of over 70 games, a user base of over 85 million, and offices around the globe in Jakarta, Singapore, and New York, it is certain that the platform is here to stay. It remains to be seen how exactly MPL will use its newly acquired finances.

Tags: Mobile EsportsMobile Premier LeagueSoutheast Asia
Angel HristovbyAngel Hristov
Tags: Mobile EsportsMobile Premier LeagueSoutheast Asia
Home » Mobile Premier League Now Worth $2.3BN
ShareShareTweetShareSend
league-of-legends-clash-between-champions
Blog

Betting on League of Legends: Top 5 Sites to Wager Using Bitcoin

by Papa Bear
March 1, 2022

Few games have captured the hearts of the wider audiences quite like Riot Games’ masterpiece League of Legends has. The...

Read more
overwatch-female-characters
Opinion

Women in Esports: How Esports Are Moving Towards a More Inclusive Future

by Angel Hristov
October 25, 2021

Gaming has long been regarded as something reserved for nerdy boys. As times change women join in on the fun...

Read more
v-bucks-currency-in-fortnite
Blog

Bitcoin Esports: Best Crypto Esports Betting Sites

by Alexander Todorov
January 23, 2022

Bitcoin esports betting is on the rise. The idea of placing wagers on your favorite esports teams is an experience...

Read more

Latest and Popular

Mesut Ozil with an esports shirt for his new team.
Industry

Arsenal Veteran Footballer Mesut Özil Might Move into Esports

by Stefan Velikov
June 21, 2022
The official featured logo for the Military Gaming League.
Industry

Generation Esports Acquires the Military Gaming League

by Stefan Velikov
May 23, 2022
100-thieves-facebook-cover
Industry

100 Thieves is Developing a Video Game

by Angel Hristov
May 23, 2022
ukraines-war-bloodied-flag
Industry

How Streamers and Esports Pros Are Helping Ukrainian Civilians

by Alexander Todorov
May 9, 2022

Next Post
trainwrecks-screen-grab-streaming

Trainwrecks Attacks Gambling Streamers That Constantly Win, Calls Them Frauds

eSports Grizzly Mobile Dark
eSports Grizzly Mobile Dark

Content Categories

  • Blog
  • Call of Duty
  • College Esports
  • Consoles
  • Cosplay
  • Counter Strike
  • DOTA 2
  • FGC
  • Fortnite
  • Gaming
  • Halo
  • Hearthstone
  • Industry
  • League of Legends
  • Mobile Legends
  • News
  • Opinion
  • Overwatch
  • Popular
  • PUBG
  • Q&A
  • Rainbow Six Siege
  • Rocket League
  • Streamers
  • Uncategorized
  • Valorant

Recent Posts

  • NaVi Dominates the BLAST Premier Spring Final 2022
  • Arsenal Veteran Footballer Mesut Özil Might Move into Esports
  • Blizzard Promises Consistent Content Updates and Battle Pass For Overwatch 2

About Esports Grizzly

We bring you the best Premium esports content from around the globe.

Our FREE weekly newsletter

Keep in the loop with our minimalist weekly newsletter. Subscribe today!

GET IN TOUCH

Esports Grizzly reports on the latest industry and gaming intelligence, Want to pitch in? Get in touch!

  • Home
  • About us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions
  • Contact

© 2021 Esports Grizzly - Your daily BITE of global esports

No Result
View All Result
  • Home
  • College Esports
  • Industry
  • Games
    • Call of Duty
    • Counter Strike
      • CS:GO Betting Sites
    • DOTA 2
      • Dota 2 Betting Sites
    • FGC
    • Fortnite
    • League of Legends
      • League of Legends Betting Sites
    • Mobile Legends
    • Overwatch
    • PUBG
    • Rainbow Six Siege
    • Valorant
  • Esports Betting Sites
    • Bitcasino Esports Review | Evil Geniuses’ Home Esports Bookmaker
    • Sportsbet.io Esports Review
    • Cloudbet Esports Review | Is Cloudbet Legit?
    • Dogecoin Esports Betting Sites
    • Luckbox Review (2021) – Is Luckbox Esports Safe?
    • Betway Esports Review
    • GG.Bet Esports Review | League of Legends, Dota 2 and CS:GO
    • Rivalry Esports Review
    • Pinnacle Esports Review
  • Consoles
  • Streamers
  • Q&A
  • Blog
  • Opinion
  • Newsletter

© 2021 Esports Grizzly - Your daily BITE of global esports

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.