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{{Infobox company
| name = MPL
| logo =
| logo_size =
| caption =
| type = [[Private company|Private]]
| founders = {{Unbulleted_list|Sai Srinivas Kiran|Shubham Malhotra}}
| traded_as =
| predecessor =
| foundation = {{Start date and age|2018}}
| location_city = [[Bengaluru]], [[Karnataka]], India
| locations =
| area_served = India, Indonesia, Europe, USA
| industry = [[Fantasy sports]]
| products =
| revenue = {{increase}} {{INRconvert|499|c}} (FY 2020–21)<ref name="reference number 2">{{cite news |last1=Chatterjee |first1=Kaushiki |title=MPL net loss narrows in FY21 as revenue surges multifold |url=https://www.vccircle.com/mpl-net-loss-narrows-in-fy21-as-revenue-surges-multifold |access-date=18 June 2022 |work=VCCircle |date=21 January 2022}}</ref>
| operating_income =
| net_income = {{decrease}} ({{INRconvert|130|c}}) (FY 2020–21)
| aum =
| equity =
| parent =
| owners = ''Galactus Funware Technology Pvt. Ltd'' <ref name="reference number 1">{{cite news |last1=Menon |first1=Rashmi |title=MPL's Sai Srinivas is making gaming accessible |url=https://lifestyle.livemint.com/news/big-story/mpls-sai-srinivas-is-making-gaming-accessible-111610644550020.html |access-date=18 June 2022 |work=Mintlounge |date=15 January 2021 |language=en}}</ref>
| num_employees = 800 (2021)
| divisions =
| subsid =
| website = {{URL|https://www.mpl.live}}
| footnotes =
}}
⚫
'''MPL''' also known as '''Mobile Premier League''' is an [[online gaming]] platform. It is based in [[Bengaluru]], [[India]]. The company became India's second gaming unicorn in 2021.


==History==
⚫
'''MPL''' also known as '''Mobile Premier League''' is an [[online gaming]] platform.
MPL was founded by Sai Srinivas Kiran and Shubham Malhotra 2018, initially offering [[puzzle games]] and [[casual games]] and expanding to [[fantasy sports]] the following year. <ref name="reference number 3">{{cite news |last1=Singh |first1=Rajiv |title=MPL: Forging A League Of Its Own |url=https://www.forbesindia.com/article/sports-tech-special/mpl-forging-a-league-of-its-own/77127/1 |access-date=18 June 2022 |work=Forbes India |date=9 June 2022 |language=en}}</ref> The company connects game publishers with users via its app platform.<ref name="reference number 6">{{cite news |last1=Rai |first1=Saritha |title=Gaming-Contest App Becomes Unicorn After Lockdowns Drive Growth |url=https://www.bloomberg.com/news/articles/2021-09-15/gaming-contest-app-becomes-unicorn-after-lockdowns-drive-growth |access-date=18 June 2022 |work=bloomberg |date=15 September 2021}}</ref> In 2021, the company bought over rival GamingMonk.<ref name="reference number 11">{{cite news |title=Mobile Premier League acquires GamingMonk; launches Esports arena |url=https://economictimes.indiatimes.com/tech/startups/mobile-premier-league-acquires-gamingmonk-launched-esports-arena/articleshow/82162697.cms |access-date=18 June 2022 |work=The Economic Times |date=20 April 2021}}</ref>

The company currently offers 70 games in categories such as fantasy sports, sports games, puzzle, casual and board games. Given that certain games are banned in certain jurisdictions, the company has had to alter its offerings based on the users region. It employs over 800 people spread across offices in [[Bengaluru]], [[Pune]], [[Jakarta]], [[Singapore]] and [[New York City|New York]]. <ref name="reference number 4">{{cite news |last1=Soni |first1=Yatti |title=MPL’s India biz turns break even; eyes global expansion |url=https://www.thehindubusinessline.com/news/sports/mpls-india-biz-turns-break-even-eyes-global-expansion/article36569806.ece |access-date=18 June 2022 |work=thehindubusinessline |date=20 September 2021 |language=en}}</ref>

==Geographic Presence==
MPL began as a mobile gaming application in India. In it expanded to Indonesia, its second country market in 2019.<ref name="reference number 8">{{cite news |last1=Bhushan |first1=Kul |title=Indian gaming unicorn MPL lays off 100 staff, exits Indonesia |url=https://www.techinasia.com/exclusive-indian-gaming-unicorn-mpl-lays-100-employees-exits-indonesia |access-date=18 June 2022 |work=techinasia |date=30 May 2022}}</ref>
In 2021, the company entered a third country when it launched operations in [[United States of America|USA]].<ref name="reference number 7">{{cite news |last1=Tewari |first1=Saumya |title=Esports firm Mobile Premier League launches operations in US market |url=https://www.livemint.com/sports/news/esports-firm-mobile-premier-league-launches-operations-in-us-market-11625128391109.html |access-date=18 June 2022 |work=mint |date=1 July 2021 |language=en}}</ref> In 2022, the company bought out [[GameDuell]], a games studio based in [[Berlin]] thus giving it an entry into the European market.<ref name="reference number 9">{{cite news |last1=Laghate |first1=Gaurav |title=Mobile Premier League acquires German games studio GameDuell |url=https://economictimes.indiatimes.com/news/sports/mobile-premier-league-acquires-german-games-studio-gameduell/articleshow/89890049.cms |access-date=18 June 2022 |work=The Economic Times |date=28 February 2022}}</ref>

As a part of cut backs in 2022, the company announced it would exit the Indonesian market amongst other measures.<ref name="reference number 5">{{cite news |last1=Dilipkumar |first1=Bhavya |title=Mobile Premier League to lay off 100 workers, exit Indonesia |url=https://economictimes.indiatimes.com/tech/startups/mobile-premier-league-to-lay-off-100-workers-exit-indonesia/articleshow/91895719.cms |access-date=18 June 2022 |work=The Economic Times |date=30 May 2022}}</ref>

==Partnerships & Brand Ambassador==
In 2019 the company was a broadcast partner for the [[Indian Premier League]]. It also signed up [[cricketer]] [[Virat Kohli]] as a brand amassador.In 2020, the company became sponsors for [[Royal Challengers Bangalore]] and [[Kolkata Knight Riders]] in the [[Indian Premier League]]. <ref name="reference number 1" />

In November 2020 MPL Sports, a merchandise brand which is a part of MPL became the official kit sponsor of the [[India national cricket team|Indian Men's Cricket Team]], [[India women's national cricket team|Indian Women's Cricket Team]], and [[India national under-19 cricket team|Indian Under-19 Cricket Team]] till 2023. The deal also gives the company the rights to sell official Team India merchandise.<ref name="reference number 10">{{cite news |title=BCCI announces MPL Sports as official Kit sponsor for Indian cricket team |url=https://www.business-standard.com/article/sports/bcci-announces-mpl-sports-as-official-kit-sponsor-for-indian-cricket-team-120111700423_1.html |access-date=18 June 2022 |work=Business Standard India |agency=PTI |date=17 November 2020}}</ref>

==Funding==
MPL counts [[Sequoia Capital]], Go Ventures and [[Times Internet]] amongst its investors.<ref name="reference number 12">{{cite news |last1=Salz |first1=Peggy Anne |title=The New Playtime: The Secret To MPL’s Massive Mobile Success |url=https://www.forbes.com/sites/peggyannesalz/2020/04/09/the-new-playtime-the-secret-to-mpls-massive-mobile-success/?sh=1911c0ae5513 |access-date=18 June 2022 |work=Forbes |date=9 April 2020 |language=en}}</ref> In 2021, it became India's second gaming unicorn when it raised funding in its Series E round at a valuation of $2.3 billion from Legatum Capital.<ref name="reference number 3" />
==References==
{{Reflist|2}}

Revision as of 07:27, 18 June 2022

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MPL
Company typePrivate
IndustryFantasy sports
Founded2018; 6 years ago (2018)
Founders
  • Sai Srinivas Kiran
  • Shubham Malhotra
Headquarters
Bengaluru, Karnataka, India
Area served
India, Indonesia, Europe, USA
RevenueIncrease ₹499 crore (US$60 million) (FY 2020–21)[1]
Decrease (₹130 crore (US$16 million)) (FY 2020–21)
OwnersGalactus Funware Technology Pvt. Ltd [2]
Number of employees
800 (2021)
Websitewww.mpl.live

MPL also known as Mobile Premier League is an online gaming platform. It is based in Bengaluru, India. The company became India's second gaming unicorn in 2021.

History

MPL was founded by Sai Srinivas Kiran and Shubham Malhotra 2018, initially offering puzzle games and casual games and expanding to fantasy sports the following year. [3] The company connects game publishers with users via its app platform.[4] In 2021, the company bought over rival GamingMonk.[5]

The company currently offers 70 games in categories such as fantasy sports, sports games, puzzle, casual and board games. Given that certain games are banned in certain jurisdictions, the company has had to alter its offerings based on the users region. It employs over 800 people spread across offices in Bengaluru, Pune, Jakarta, Singapore and New York. [6]

Geographic Presence

MPL began as a mobile gaming application in India. In it expanded to Indonesia, its second country market in 2019.[7] In 2021, the company entered a third country when it launched operations in USA.[8] In 2022, the company bought out GameDuell, a games studio based in Berlin thus giving it an entry into the European market.[9]

As a part of cut backs in 2022, the company announced it would exit the Indonesian market amongst other measures.[10]

Partnerships & Brand Ambassador

In 2019 the company was a broadcast partner for the Indian Premier League. It also signed up cricketer Virat Kohli as a brand amassador.In 2020, the company became sponsors for Royal Challengers Bangalore and Kolkata Knight Riders in the Indian Premier League. [2]

In November 2020 MPL Sports, a merchandise brand which is a part of MPL became the official kit sponsor of the Indian Men's Cricket Team, Indian Women's Cricket Team, and Indian Under-19 Cricket Team till 2023. The deal also gives the company the rights to sell official Team India merchandise.[11]

Funding

MPL counts Sequoia Capital, Go Ventures and Times Internet amongst its investors.[12] In 2021, it became India's second gaming unicorn when it raised funding in its Series E round at a valuation of $2.3 billion from Legatum Capital.[3]

References

  1. ^ Chatterjee, Kaushiki (21 January 2022). "MPL net loss narrows in FY21 as revenue surges multifold". VCCircle. Retrieved 18 June 2022.
  2. ^ a b Menon, Rashmi (15 January 2021). "MPL's Sai Srinivas is making gaming accessible". Mintlounge. Retrieved 18 June 2022.
  3. ^ a b Singh, Rajiv (9 June 2022). "MPL: Forging A League Of Its Own". Forbes India. Retrieved 18 June 2022.
  4. ^ Rai, Saritha (15 September 2021). "Gaming-Contest App Becomes Unicorn After Lockdowns Drive Growth". bloomberg. Retrieved 18 June 2022.
  5. ^ "Mobile Premier League acquires GamingMonk; launches Esports arena". The Economic Times. 20 April 2021. Retrieved 18 June 2022.
  6. ^ Soni, Yatti (20 September 2021). "MPL's India biz turns break even; eyes global expansion". thehindubusinessline. Retrieved 18 June 2022.
  7. ^ Bhushan, Kul (30 May 2022). "Indian gaming unicorn MPL lays off 100 staff, exits Indonesia". techinasia. Retrieved 18 June 2022.
  8. ^ Tewari, Saumya (1 July 2021). "Esports firm Mobile Premier League launches operations in US market". mint. Retrieved 18 June 2022.
  9. ^ Laghate, Gaurav (28 February 2022). "Mobile Premier League acquires German games studio GameDuell". The Economic Times. Retrieved 18 June 2022.
  10. ^ Dilipkumar, Bhavya (30 May 2022). "Mobile Premier League to lay off 100 workers, exit Indonesia". The Economic Times. Retrieved 18 June 2022.
  11. ^ "BCCI announces MPL Sports as official Kit sponsor for Indian cricket team". Business Standard India. PTI. 17 November 2020. Retrieved 18 June 2022.
  12. ^ Salz, Peggy Anne (9 April 2020). "The New Playtime: The Secret To MPL's Massive Mobile Success". Forbes. Retrieved 18 June 2022.
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