Mobile Premier League becomes unicorn after lockdowns drive growth

Mumbai: Esports and online gaming platform Mobile Premier League (MPL) said it has raised a fresh round of funding led by Legatum Capital, a UAE-based investment firm —-at a valuation of $2.3 billion. While the company did not offer details on the size of the fundraise, sources in the know said it had raised $150 million as the company’s valuation jumped 2.5 times compared to its previous fundraise.

The three-year-old startup was valued at $945 million in its Series D round, which it closed in February this year, as ET had reported.