Asia’s largest esports and mobile gaming platform, Mobile Premier League, raised $150 million over a $2.3 billion valuation in an investment round it participated in. The India-based company, which has managed to increase its valuation to over 2 billion dollars, continues its activities as the new unicorn company of the mobile e-sports community.
The investment round was led by Legatum Capital with the participation of Accrete Capital and Gaingels. Existing investors including Moore Strategic Ventures LLC and RTP Global also participated in the round.
The goal of the Mobile Premier League, which started its activities in the industry as of July, by the end of 2021 is to host a player community of 300 thousand people and to reach a gross value of $100 million. The company already has free-to-play mobile games like 8-Ball Pool and Fruit Chop.
Mobile Premier League’s entry into the US market came a few years after it started mobile gaming operations in Indonesia. In these few years, the company has grown to more than 85 million registered users worldwide.
Mobile Premier League CEO Sai Srinivas said the following in an interview with GamesBeat:
“In a world where everyone will probably be connected and have a smartphone with them, we realized that we needed to target the mobile platform. We had a simple idea that installed a single app and found loads of games where they could compete with millions of other people in tournaments and win prizes. The idea was loved by many players.”
Mobile Premier League is available on the Apple App Store and has many fun games such as Solitaire Cube, Spider Solitaire, Solitaire Cube, Bingo, 21 Puzzle, Bubble Shooter, Block Puzzle, Bowling, Baseball, Pool, and Fruit Chop.
In early 2021, the Mobile Premier League acquired Gaming Monk, which will bring together esports and live broadcasts and enable it to expand in this area. In early September, the platform announced a partnership with Play Magnus Group, founded by Chess superstar Magnus Carlsen.
Sai Srinivas adds:
“As much as I want to go all over the world, it’s important for us to go step by step as a young company.”