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Mobile Premier League Becomes Unicorn

Mobile Premier League (MPL) became India’s second gaming unicorn. The startup raised capital led by Legatum Capital, Accrete Capital and Gaingels LLC. Also, existing investors such as Moore Strategic Ventures LLC and RTP Global participated in the round. The company unites game publishers with gamers on its app platform.

Users in India, Indonesia and the US can obtain dozens of free titles starting from sudoku, speed chess, puzzles to shooting, fantasy and strategy games and can participate in gaming contests and prize money tournaments. It aims to attract enthusiasts, earn money and get famous by playing mobile games.

“Gaming is the only entertainment content where language is no barrier. Gaming startups can transform international boundaries,” Founder Sai Srinivas Kiran said in an interview. MPL was launched in 2018, and in three months, it hit 600,000 daily active users. The app launched just as affordable smartphones, cheap internet data, and secure digital payment support were the growth of mobile gaming.

Currently, MPL has about 80 million active users, of which about 10 million spend money on the platform. In Indonesia, its user count has touched 5 million. In the US, it targets 3 lakh users and above $100 million in gross merchandise value by the end of 2021.

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