MPL bags Rs 250 cr from Go-Jek Arm, Sequoia, Times Internet
23 April 2019 6:30 PM GMT
This marks Go-Jeks maiden financial investment in India, after having acquired three local companies to boost its technology and engineering talent.
- BENGALURU: Go-Ventures, the investment arm of Go-Jek , one of Indonesia's most valuable tech startups, along with Sequoia India and Times Internet have led a $35.5 million or Rs 250 crore, investment round in domestic mobile gaming company, Mobile Premier League ( MPL ).
- "Our goal is to be a global platform where any user can choose a game and play tournaments, and at the same time build infrastructure and distribution to enable the gaming developer community," said Sai Srinivas Kiran G, CEO of MPL.
- MPL is an eSports platform where users participate in what it refers to as "skill-based game" tournaments, including cricket, puzzles, chess, crosswords among others, to win real cash and social gaming content.
- "With their industry leading growth and engagement metrics, MPL has the potential to become a major mobile internet company in India," said Shailendra Singh, managing director, Sequoia Capital (India) Singapore.
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