Mobile Premier League raises $35.5 mn from Sequoia, others

Mobile gaming platform, MPL Wednesday announced fundraising of USD 35.5 million led by Sequoia India, Times Internet and Goventures. The funds will be used for product development and user growth in India, the seven-month-old Mobile Premier League (MPL) said in a statement.

Other investors including RTP Global, Bee next, Base Growth and Venture Highway also participated in the funding round. "Our goal is to build India's largest mobile eSports platform which is accessible to all...competitive gaming in India will be mobile first and MPL wants to be the platform of choice for the user," its co-founder and chief executive Sai Srinivas Kiran G said in a statement.

The company has 25 million installs, making it the fastest growing app in India, the statement said. "MPL has captured the imagination of gamers on smartphones like no other platform out there. Skill-based competitive casual games are highly engaging social experiences, and we believe MPL will be a leader in this category globally," Times Internet VP Corporate Development Miten Sampat said.