Mobile Premier League Revenue, Valuation, Funding & Investors
Mobile Premier League is valued at $2.3B as of September 2021, a 18.0x multiple on its last reported $128M revenue.
Last Mobile Premier League valuation
$2.3B
Series E · Sep 2021
Last Mobile Premier League funding round
$15M
Series A · Jan 2022
Mobile Premier League revenue
$128M
Series E · Sep 2021
Key investors in Mobile Premier League
RTP Global
Base Partners
Argor Capital
Peak XV Partners
Susquehanna International Group
Titanium Ventures
About Mobile Premier League
Mobile Premier League is a Bangalore-headquartered eSports platform for skill-based mobile gaming with real cash prizes. Users compete in arcade games like Bubble Shooter, sports simulations including cricket and football, and adventure puzzles. Founded in 2018, the app serves 10 crore players across India with daily tournaments regulated by gaming commissions in Nagaland and Tamil Nadu. It integrates Paytm and bank transfers for instant payouts.
Founded
2018
HQ
BangaloreWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Revenue
$128M (Sep 2021)
Valuation
$2.3B (Sep 2021)
Mobile Premier League Valuation
Mobile Premier League is currently valued at $2.3B, based on its Series E in September 2021.
The $150M round was led by Legatum, with participation from Play Ventures, Titanium Ventures, Accrete Capital, Founders Circle Capital, Argor Capital and 6 other investors.
Mobile Premier League's valuation has grown 15x from $150M at its Series A in April 2019 to $2.3B in September 2021, across 4 priced rounds.
Mobile Premier League valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2021 | Series E | $2.3B | 18.0x |
| Feb 2021 | Series D | $945M | - |
| Sep 2020 | Series C | $400M | 3.1x |
| Apr 2019 | Series A | $150M | 1.2x |
Mobile Premier League Revenue
Mobile Premier League's latest recorded revenue is $128M, as of its Series E in September 2021. At a $2.3B valuation, that implies a 18.0x revenue multiple.
Revenue moved from $128M in April 2019 to $128M in September 2021, while the revenue multiple moved from 1.2x to 18.0x.
Mobile Premier League revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2021 | $128M | $2.3B | 18.0x | Series E |
| Sep 2020 | $128M | $400M | 3.1x | Series C |
| Apr 2019 | $128M | $150M | 1.2x | Series A |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Mobile Premier League Funding History
Mobile Premier League has raised a total of $391M across 6 funding rounds.
Mobile Premier League's first fundraising round was a $5M seed round in November 2018. The most recent completed round was a $15M Series A in January 2022.
Mobile Premier League funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2022 | Series A | Alameda Research (lead) | $15M | - | Mobile Premier League raised $15 million in a funding round in January 2022 led by Alameda Research to further expand the platform's offerings and market reach. The company operates as a mobile esports and gaming platform based in Bangalore, India. Prior rounds include a Series D for $95 million in February 2021 at a post-money valuation of $945 million, led by Composite Capital and Moore Strategic Ventures. Another Series E round raised $150 million in September 2021, bringing total funding to over $377 million across multiple rounds. The company has secured investments from investors such as Sequoia Capital, Peak XV Partners, RTP Global, and Moore Strategic Ventures in earlier rounds. |
| Sep 2021 | Series E | Legatum (lead); Play Ventures; Titanium Ventures; Accrete Capital; Founders Circle Capital; Argor Capital; Susquehanna International Group; Gaingels; Moore Strategic Ventures; RTP Global; Peak XV Partners; Base Partners | $150M | $2.3B | Mobile Premier League (MPL), founded in 2018 and headquartered in Bengaluru, India, operates as a leading real-money skill-based gaming and esports platform offering tournaments and contests across various casual games to over 85 million users worldwide. The company expanded internationally while focusing on competitive mobile gaming experiences. In September 2021, MPL raised approximately $150-157 million in a Series E funding round led by Legatum, with participation from investors including Accrete Capital, Argor Capital, Base Partners, Founders Circle Capital, Gaingels, Moore Strategic Ventures, Peak XV Partners, Play Ventures, RTP Global, Susquehanna International Group, and Titanium Ventures, achieving unicorn status at a $2.3 billion pre-money valuation (some sources cite $2.18 billion). This brought total funding to around $375-396 million across multiple rounds. The capital was intended to support international expansion, gaming portfolio scaling, technology upgrades, and compliance infrastructure. |
| Feb 2021 | Series D | Composite Capital Management (lead); Moore Strategic Ventures (lead); Play Ventures; Titanium Ventures; Founders Circle Capital; Argor Capital; Susquehanna International Group; RTP Global; Base Partners | $95M | $945M | Mobile Premier League is Asia's largest esports and mobile gaming platform, offering a pure-play gaming ecosystem that hosts tournaments and serves as a publishing platform for other gaming firms. The company does not develop games itself but hosts approximately 70 games across multiple sports on its app. MPL operates in India and Indonesia, with over 60 million registered users in India and 3.5 million in Indonesia as of the funding announcement. The platform also offers fantasy sports and real-money gaming features. Mobile Premier League raised $95 million in a Series D financing round led by Composite Capital and Moore Strategic Ventures, with participation from Base Partners, RTP Global, SIG (Susquehanna International Group), Go-Ventures, Telstra Ventures, Founders Circle, and Play Ventures. This round valued the company at $945 million post-money, more than double its $465 million valuation from the previous Series C round in September 2020. The total funds raised to date reached $225.5 million since the company's inception in 2018. MPL planned to use the fresh capital to expand its esports portfolio, organize tournaments in India and internationally, and accelerate international expansion. The company experienced significant growth during the COVID-19 pandemic, with the number of games played on its most popular titles increasing by over 700% in a four-month period during 2020. |
| Sep 2020 | Series C | MDI Ventures (lead); Pegasus Tech Ventures (lead); RTP Global (lead); SIG Global India Fund (lead); Argor Capital; Peak XV Partners; Base Partners | $90M | $400M | Mobile Premier League (MPL), a Bangalore-based esports and mobile gaming platform founded two years prior, raised $90 million in its Series C funding round on September 21, 2020, led by SIG, RTP Global, MDI Ventures, and Pegasus Tech Ventures, with participation from existing investors Sequoia India (now Peak XV Partners), Go-Ventures, and Base Partners. This brought MPL's total funding to $130.5 million. The platform hosts tournaments across about 70 games in multiple sports, including fantasy cricket, without developing its own games, and also serves as a publishing platform for other gaming firms. It had amassed over 60 million users and recorded more than 2 billion cash transactions by the round date. The funding valued MPL at $375-400 million pre-money according to sources citing TechCrunch, enabling overseas expansion into markets like neighboring countries, Japan, South Korea, and North America. One report indicated a $450 million valuation. MPL demonstrated strong growth amid the COVID-19 lockdown, with games played on popular titles increasing over 700% in the four months prior and fourfold growth since March 2020. Early investors included Times Internet and actor Salman Khan, and the company signed endorsements like Virat Kohli early on, achieving milestones such as the fastest app to 1 million daily active users in India. MPL positioned itself in the burgeoning paid competitive gaming segment, growing six times faster than the overall gaming market. Plans included expanding its gaming catalog and providing more marketing support to third-party developers via licensing or revenue-sharing. The round highlighted MPL's resilience post-Play Store challenges and its focus on skill-based gaming beyond fantasy sports, which buffered it from real-world match disruptions. |
| Apr 2019 | Series A | GO Ventures (lead); Peak XV Partners (lead); Times Internet (lead); Venture Highway; BEENEXT; Argor Capital; RTP Global; Base Partners | $36M | $150M | Mobile Premier League (MPL), operated by Galactus Funware Technology Pvt. Ltd, is a Bengaluru-based digital gaming platform offering skill-based mobile games like Sudoku, Crosswords, Brick Breaker, and others where users compete in live tournaments to win real money via Paytm, UPI, or bank transfers. Founded by Sai Srinivas Kiran G and Shubh Malhotra, MPL had achieved 10 million users and 25 million installs by early 2019, positioning it as India's fastest-growing e-sports platform and the top app in the Casual category on Google Play Store in India. The company partnered with Virat Kohli as brand ambassador in a deal valued at Rs 12 crore, with Kohli also taking shares. In April 2019, MPL raised $35.5 million (Rs 250 crore) in a Series A funding round led by Sequoia Capital India (now Peak XV Partners), GO Ventures (investment arm of Go-Jek), and Times Internet, with participation from RTP Global, BEENEXT, Base Partners (or Base Growth/Base Venture), and Venture Highway. This followed a prior $5 million seed round from Sequoia, bringing total funding to $40.5 million. Sources indicate the company was valued at over $150 million in this round, one of the largest early-stage deals at the time. Funds were allocated primarily for product development and user acquisition in India to solidify its mobile-first competitive gaming position. MPL emphasized becoming the platform of choice for competitive mobile gaming in India, leveraging high smartphone penetration and rising digital gaming popularity. Investors like Sequoia highlighted MPL's industry-leading growth and engagement metrics, potential as a major mobile internet company. The gaming sector was projected to reach $5 billion in India within two years, with fantasy sports awareness high among sports fans. |
| Nov 2018 | Seed | Sequoia Capital (lead); peercheque | $5M | - | - |
Who has invested in Mobile Premier League?
23 investors have backed Mobile Premier League across its funding rounds, including RTP Global, Base Partners, Argor Capital, Peak XV Partners, Susquehanna International Group and Titanium Ventures.
Lead investors include Alameda Research, Legatum, Composite Capital Management, Moore Strategic Ventures, MDI Ventures and 7 other investors.
Mobile Premier League Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Singapore | 4 | Participant | Apr 2019 | |
 London | 4 | Lead | Apr 2019 | |
 Tokyo | 4 | Participant | Apr 2019 | |
| Bangalore | 3 | Lead | Apr 2019 | |
| Singapore | 2 | Participant | Feb 2021 | |
 United States | 2 | Participant | Feb 2021 | |
| San Francisco, CA | 2 | Participant | Feb 2021 | |
| Philadelphia, PA | 2 | Participant | Feb 2021 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Moore Strategic Ventures | New York City, NY | 2 | Lead | Feb 2021 |
 Jakarta | 1 | Lead | Sep 2020 | |
| Bangalore | 1 | Participant | Apr 2019 | |
 Hong Kong | 1 | Lead | Jan 2022 | |
| India | 1 | Participant | Nov 2018 | |
This data is available for Pro users. Sign up to see all 23 Mobile Premier League investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Mobile Premier League
Mobile Premier League has acquired 5 companies to date.
Last acquisition by Mobile Premier League was on December 10th 2024. Mobile Premier League acquired CloudFeather Games for undisclosed valuation.
Latest Acquisitions by Mobile Premier League
| Description | CloudFeather Games is a platform supporting game developers and operators worldwide with tools for publishing, monetization, and distribution. The company facilitates global reach for indie titles through its services at https://cloudfeathergames.com. Focused on uplifting creators, CloudFeather provides infrastructure for seamless game launches on mobile and PC platforms from its international base. | Good Game Exchange is a platform developing online gaming software with a focus on multiplayer entertainment experiences. The company builds blockchain-integrated games and NFT marketplaces, enabling player-owned assets and virtual economies in titles featuring competitive card battles and strategy simulations. | GameDuell is a Berlin-headquartered cross-platform gaming community that develops and hosts over 70 casual titles including Fluffy, Maya Pyramid, Jungle Jewels, Hearts, Solitaire, and Pool for web, social networks, and mobile devices. Operating primarily in Western markets, the company serves more than 125 million registered players through its portals. Its 210-member team maintains in-house production and community features from offices in Berlin and San Francisco. | GamingMonk is a New Delhi-based esports organizer hosting competitive tournaments on PC, console, and mobile platforms throughout India. It conducts offline events in 8 cities including Mumbai, Bangalore, and Chennai, with scheduled expansion to 16 cities by the following year. The company launched its online esports portal in August 2017 to deliver virtual tournament experiences and foster a nationwide gaming community. GamingMonk runs leagues such as the GamingMonk Pro League featuring titles like PUBG Mobile and Valorant, partnering with brands for college circuit events across universities. | |
| HQ Country | | |  | | |
| HQ City | Bangalore | Bangalore | Berlin | New Delhi | |
| Deal Date | 10 Dec 2024 | 12 Dec 2023 | 28 Feb 2022 | 20 Apr 2021 | |
| Valuation | undisclosed | $13M | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Mobile Premier League acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Mobile Premier League Competitors
Mobile Premier League competitors include listed companies like Better Collective, Bally's Intralot and Rush Street Interactive, and private ones like Dream Sports, Z League and Games24x7.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Mumbai | Private | $723M | - | $5B | 6.9x | |
 Denmark | Publicly listed | $388M | $100M | $693M | 2.4x | |
| Seattle, WA | Private | $5M | - | $233M | 46.6x | |
 Greece | Publicly listed | $597M | $155M | $2.3B | 3.6x | |
| India | Private | $173M | - | $2.5B | 14.5x | |
| United States | Publicly listed | $1.1B | $20M | $2.9B | 1.9x |
Mobile Premier League Public Comps
Mobile Premier League is still privately-owned, but its public comps include Bally's Intralot, Brightstar Lottery, Genius Sports, Rush Street Interactive, Playtech, DeNA, Tabcorp, Betsson, Tsuburaya Fields Holdings and Cirsa Enterprises.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $597M | $155M | 7.0x | 3.6x | 27.1x | 10.4x | |||
| $2.5B | $915M | 2.8x | 2.8x | 7.6x | 6.0x | |||
| $669M | ($47M) | 3.6x | 2.6x | (50.8x) | 9.8x | |||
| $1.1B | $20M | 2.4x | 1.9x | 139.6x | 12.0x | |||
| $879M | ($27M) | 1.8x | 1.7x | (58.7x) | 5.5x | |||
| $950M | $177M | 1.1x | 1.1x | 5.8x | 6.5x | |||
| $1.9B | $283M | 1.0x | 1.0x | 6.6x | 5.9x | |||
| $1.4B | $352M | 0.9x | 0.9x | 3.5x | 4.2x | |||
This data is available for Pro users. Sign up to see all Mobile Premier League competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Mobile Premier League
| When was Mobile Premier League founded? | Mobile Premier League was founded in 2018. |
| Where is Mobile Premier League headquartered? | Mobile Premier League is headquartered in Bangalore, India. |
| Is Mobile Premier League publicly listed? | No, Mobile Premier League is a private, VC-backed company. |
| What is Mobile Premier League's valuation? | Mobile Premier League was last valued at $2.3B in its Series E in September 2021. |
| How much funding has Mobile Premier League raised? | Mobile Premier League has raised $391M across 6 funding rounds. |
| What was Mobile Premier League's last funding round? | Mobile Premier League's last funding round was a $15M Series A in January 2022, led by Alameda Research. |
| Who are Mobile Premier League's investors? | Mobile Premier League's investors include Argor Capital, RTP Global, Base Partners, Peak XV Partners, Play Ventures, Titanium Ventures, Founders Circle Capital, Susquehanna International Group, Moore Strategic Ventures, MDI Ventures and 13 others. |
| What is Mobile Premier League's revenue? | Mobile Premier League's latest recorded revenue is $128M (September 2021). |
| What is Mobile Premier League's revenue multiple? | Mobile Premier League's latest valuation implies a 18.0x revenue multiple ($2.3B valuation on $128M of revenue). |
| Which companies are comparable to Mobile Premier League? | Companies comparable to Mobile Premier League include Dream Sports, Better Collective, Z League, Bally's Intralot, Games24x7 and Rush Street Interactive. |
| How many companies has Mobile Premier League acquired? | Mobile Premier League has acquired 5 companies, including CloudFeather Games, Good Game Exchange, GameDuell, GamingMonk and Crevise Technologies. |
| What was the largest acquisition by Mobile Premier League? | The $13M acquisition of Good Game Exchange in December 2023 is the largest acquisition Mobile Premier League has made to date. |
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