Mobile Premier League (MPL), an India-based mobile gaming platform backed by ride hailing service Gojek, telecommunications company Telstra and quantitative trading firm Susquehanna International Group (SIG), has raised $150m in funding, according to the Economic Times.
Legatum Capital led the round, while Accrete Capital, Gaingels, Moore Strategic Ventures and RTP Global also took part. MPL fetched a valuation of $2.3bn.
MPL operates a mobile gaming and esports platform across India, Indonesia and the US with a portfolio of dozens of games, some of which allow players to win real money. MPL currently boasts some 80 million users, with 10 million of them spending money on the platform.
Moore Strategic Ventures and Composite Capital Management co-led the $95m series D round in February 2021, which was filled out by SIG, Telstra, Gojek, RTP Global, Base Partners and Play Ventures.
Telkom Indonesia’s subsidiary MDI Ventures also participated in a September 2020 round that raked in $90m and included Gojek’s Go-Ventures unit, SIG, Sequoia India and Base Partners.
It followed a $33.5m series A in April 2019 that saw investments from Go-Ventures, and media group Bennet, Coleman & Co subsidiary Times Internet, as well as Sequoia India, BeeNext, RTP Global, Venture Highway and Base Growth.
