MPL looks set to become India’s second gaming unicorn

MPL’s valuation has increased to US$800m.
MPL’s valuation has increased to US$800m.

The Indian gaming startup MPL is valued at US$800m and has raised US$100m in a fresh funding round.

India.-  The Mobile Premier League (MPL) looks set to become India’s second gaming unicorn as it raises US$100m in a new funding round.

The company, which was valued at US$450m in September when it raised US$90m in its Series C round, is now valued at US$800m, putting it on track for unicorn status.

The latest round of funding saw new investors come on board, including Composite Capital, Moore Capital, and Telstra Ventures.

The three-year-old startup offers over 60 real money games including fantasy sports, rummy, chess, pool, and ludo.

It claims to have a user base of over 60 million customers in India and hopes to expand into overseas markets including South Korea, Japan, and North America.

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