New Delhi: E-sports and mobile gaming platform Mobile Premier League on Thursday said it is now valued at $945 million after raising $95 million (approximately Rs 693 core) in a Series D round.
The latest round was led by Composite Capital and Moore Strategic Ventures, with participation from Base Partners, RTP Global, SIG, Go-Ventures, Telstra Ventures, Founders circle and Play Ventures.
The total capital raised by MPL since its inception in 2018 now stands at $225.5 million.
MPL said it will use this fresh influx of funds to expand its eSports portfolio and bolster its efforts to organize more such eSports tournaments nationally and internationally at scale.
The funds will also be used to accelerate MPL’s international expansion this year, the platform said.
“As we grow our presence and expand, this fresh round of funds will help us focus on our core value propositions — a robust platform with the best features for gamers and onboarding the best e-sports titles,” Sai Srinivas, Co-Founder and CEO, MPL, said in a statement.
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