MPL enters unicorn club with Series E financing;valued at $2.3Bn

Esports platform Mobile Premier League Wednesday turned unicorn, post raising its Series E funding round led by Legatum Capital, at a pre-money valuation of $2.3 billion. Existing investors, including Sequoia, SIG, RTP Global, Go-Ventures, Moore Strategic Ventures, Play Ventures, Base Partners, Telstra Ventures, and Founders Circle Capital, also participated in the investment round.

“This investment is a recognition of the potential of the Indian gaming and esports industry and an endorsement of the capability of MPL to expand globally. MPL’s proven success in India and Indonesia encouraged us to launch in the US, one of the world’s largest gaming markets. Our US operations are off to a promising start, and we’re thus fulfilling our resolve to make our platform the esports and gaming hub of the world,” said Sai Srinivas, Co-founder and CEO, MPL.