Esports Startup MPL Turns Unicorn With $2.3 Bn Valuation
Click here to read full article from source
India, Sept. 15 -- India's esports gaming startup Mobile Premier League (MPL) is the new entrant to the celebrated unicorn club from the country. The Bengaluru-based gaming platform closed its Series E round by raising around $150 Mn from Legatum Capital, Accrete Capital and Gaingels LLC, at pre-money valuation of $2.3 Bn. Existing investors including Moore Strategic Ventures LLC and RTP Global have also participated in the round.
With MPL, India now has 25 startups that have entered the unicorn club (total 67 to date). MPL is also the second esports platform after Dream11 to cross the valuation mark of $1 Bn. MPL had last raised $95 Mn in February this year at a valuation close to $925 Mn. The earlier round was led by new investors in C...
To read the full article or to get the complete feed from this publication, please Contact Us