Mobile Premier League
Founded Year
2018Stage
Series E | AliveTotal Raised
$377.7MValuation
$0000Last Raised
$150M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-50 points in the past 30 days
About Mobile Premier League
Mobile Premier League (MPL) is a mobile eSports platform that offers a variety of games across multiple categories, including fantasy sports, card games, and arcade games. The platform enables users to participate in free and paid competitions, providing opportunities to win real money through skill-based games and tournaments. MPL caters to a diverse audience with its wide range of gaming options, appealing to casual gamers as well as competitive players looking for a challenge. It was founded in 2018 and is based in Bengaluru, India.
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Research containing Mobile Premier League
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Mobile Premier League in 1 CB Insights research brief, most recently on Jan 24, 2022.
Expert Collections containing Mobile Premier League
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Mobile Premier League is included in 2 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,249 items
Gaming
5,180 items
Gaming companies are defined as those developing technologies for the PC, console, mobile, and/or AR/VR video gaming market.
Latest Mobile Premier League News
Oct 22, 2024
M-League also highlighted the success of its European subsidiary GameDuell, which experienced 50% revenue growth since its acquisition in 2022. Skill-gaming platform Mobile Premier League (MPL) parent company M-League's revenue climbed 22% to $130 million in FY24. According to a statement, MPL India's revenue surged by over 35% to $88 million in FY24. It said that its Gross Gaming Revenue (GGR) and cash-paying monthly active users have both increased by 60%. The company also achieved breakeven with an Adjusted EBITDA of $0.2 million, marking a sharp improvement from the previous year’s negative $44.7 million. M-League attributes this turnaround to cost-cutting measures and operational efficiency, particularly at MPL , one of its key platforms. “We focused on innovation, streamlined processes to reduce costs, and accelerated time to market for new games,” the company said in the statement. Employee benefit expenses shrunk by 33.03% to $36.9 million in FY24 from $55.1 million in FY23. Other expenses remained stable at $92.8 million compared to $93.2 million in FY23. M-League also highlighted the success of its European subsidiary GameDuell, which experienced 50% revenue growth since its acquisition in 2022. The company has shifted GameDuell’s focus toward Free-to-Play (F2P) games, with 70% of its revenue now coming from this model. “Our success with GameDuell has strengthened our confidence in the Free-to-Play model. We believe that F2P represents the next big opportunity. The F2P market in India is on the same level that skill gaming was in 2018 when MPL started,” it added. MPL was founded in 2018 by Sai Srinivas Kiran and Shubham Malhotra and turned unicorn in 2021 after a funding round led by Legatum Capital, a UAE-based investment firm, at a valuation of $2.3 billion. Investors Peak XV (then Sequoia Capital ) and RTP Global are also on the company's cap table. Edited by Suman Singh
Mobile Premier League Frequently Asked Questions (FAQ)
When was Mobile Premier League founded?
Mobile Premier League was founded in 2018.
Where is Mobile Premier League's headquarters?
Mobile Premier League's headquarters is located at Green Glen Layout, Bengaluru.
What is Mobile Premier League's latest funding round?
Mobile Premier League's latest funding round is Series E.
How much did Mobile Premier League raise?
Mobile Premier League raised a total of $377.7M.
Who are the investors of Mobile Premier League?
Investors of Mobile Premier League include Peak XV Partners, Argor Capital Management, RTP Global, Play Ventures, Moore Strategic Ventures and 30 more.
Who are Mobile Premier League's competitors?
Competitors of Mobile Premier League include Fantasy Akhada, FanClash, MegaFans, Swoop, Dream11 and 7 more.
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Compare Mobile Premier League to Competitors
BalleBaazi is an online platform focused on fantasy sports gaming, offering users the ability to create virtual teams and participate in various fantasy leagues. The company provides a platform where users can build their own teams based on real-life player performances in sports such as cricket, football, and kabaddi, and compete for cash prizes. BalleBaazi caters to the online gaming community, providing engaging experiences in fantasy sports leagues and tournaments. It was founded in 2018 and is based in Delhi, India. BalleBaazi operates as a subsidiary of Baazi Games.
Fantasy Akhada is a fantasy sports platform that operates within the online gaming industry, offering users the ability to play fantasy cricket and football. The company provides a platform where users can create fantasy teams using their sports knowledge and participate in various contests to win cash prizes. Fantasy Akhada primarily caters to the online gaming community. It was founded in 2020 and is based in Gurgaon, India.
Games24x7 is an online gaming company that operates in the entertainment industry. The company offers digital gaming experiences, primarily focusing on skill games and fantasy sports. It primarily caters to the online entertainment industry. It was founded in 2006 and is based in Mumbai, India.
MyTeam11 is a fantasy sports platform offering a variety of online gaming experiences in the e-sports industry. The company enables users to create fantasy teams for various sports, participate in contests, and win cash prizes based on real-match player performances. MyTeam11 caters primarily to the fantasy sports market, providing services such as instant withdrawals, customer support, and fair play policies. It was founded in 2016 and is based in Jaipur, India.
Dream11 focuses on digital fantasy sports. The company provides a platform where users can create virtual teams of real sports players and compete in various sports games, including cricket, football, kabaddi, basketball, hockey, volleyball, handball, rugby, futsal, American football, and baseball. The performance of these virtual teams is based on the real-life performance of the players, and users can win points and cash prizes based on this. It primarily serves the digital sports industry. It was formerly known as Dream Sports. It was founded in 2007 and is based in Mumbai, India.
Fanspole is an online fantasy cricket management game platform. It allows users to participate in virtual cricket auctions, build teams, and earn points based on real-world cricket match performances. The platform primarily caters to cricket enthusiasts and fantasy sports players. It was founded in 2015 and is based in Thane, India.
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