MPL joined the Unicorn Club on Sep 15, 2021 after raising a $157 million Series E funding round led by Legatum and Crown Capital, reaching a $2.18 billion valuation. Headquartered in Bengaluru, Karnataka, India, MPL operates a real money skill based gaming platform offering competitive online games.
The platform enables users to participate in contests and tournaments across multiple game categories.
Keep reading to learn how MPL scaled into a multi billion dollar mobile gaming company.
What Is MPL and What Does It Do?
Founded in 2018, MPL is an online platform providing real money skill based gaming experiences. The platform offers card games, puzzle games, sports based games, and casual formats where users compete in tournaments and contests.
MPL credits winnings directly to user accounts, which can be withdrawn through supported payment methods. The company focuses on competitive gameplay, scalable mobile infrastructure, and user engagement across global markets.
How Much Funding Has MPL Raised?
1. Series E Round
- Amount Raised: $157 million
- Date: September 2021
- Valuation: $2.18 billion
- Lead Investors: Legatum, Crown Capital
- Purpose: Expand international presence, scale gaming portfolio, and strengthen technology and compliance infrastructure
2. Series E Round
- Amount Raised: $2.61 million
- Date: August 2023
- Valuation: $2.19 billion
- Lead Investors: Not disclosed
- Purpose: Support operational needs and platform optimization
Total Funding Raised: $396 million Latest Funding Round: Series E Latest Funding Date: August 2023 Employee Count: 435 as of May 31, 2025
Key Investors
- Founders Circle Capital
- Details: Global private equity firm focused on growth stage companies
- Focus Areas: Technology, consumer internet, and scalable digital platforms
- Telstra Ventures
- Details: Corporate venture capital arm of Telstra
- Focus Areas: Digital media, cloud platforms, mobile technology, and consumer apps
Where Is MPL’s Headquarters?
MPL is headquartered in Bengaluru, Karnataka, India, supporting its product development, gaming operations, and corporate teams.
What’s Next for MPL?
MPL plans to expand its skill based gaming portfolio, deepen international market penetration, and invest in responsible gaming and compliance systems. The company is focused on improving unit economics, enhancing user engagement, and scaling competitive gaming formats across mobile platforms.
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