In under three years, MPL has become India’s second most valuable gaming company. Can it navigate a crowded market and legal challenges?
Without a doubt, 2021 is a great time to be an online gaming company of any sort in India. Even better if you’ve just raised a big round of equity funding.
In February, Mobile Premier League, which is just under three years old, announced it had closed a $95 million round at a valuation of about $945 million. That takes its total funds raised to around $225 million and puts MPL within spitting distance of becoming the second Indian gaming company to be a unicorn—a startup valued at $1 billion or more.
The company’s cap table includes the who’s who …
Nikhil used to a writer at The Morning Context. He is a graduate of the Asian College of Journalism, and has worked with several publications including the Deccan Herald, The Hindu and The Indian Express. He has reported on a wide range of topics, from technology to automotives to books.
nikhil@mailtmc.com