An Indonesian Unicorn technology Major Go-jek’s, Go-Ventures is tentative to invest $30 Million in Bengaluru-based esports startup Mobile premier League (MPL).
According to a media reports that the deal will increase MPL’s market Valuation by 10 fold hitting around $150 Million.
Mobile Premier League which was founded in 2018 by Sai Srinivas Kiran G and Shubham Malhotra is a mobile based application developed for users to play mobile games with real money.
The Mobile application lets users to choose games raging from candy Crush to Cricket or TempleRun and select a fixture as per their Budget.
Now, as the gamer stays for a certain pre-decided duration defeating other players, he finally wins.
Erstwhile, In October this year, several investors including Sequoia, BeeNxt Ventures and Times Internet has funded in the start tech, raising a sum of $5 Million, which further took it market valuation to $12-13 million.
At present, the Mobile Premier League has more than 1 Million of Installations and claim to enable multiple skill-based games to win real money.
The Company is excelling great becoming a super app in Indonesia and Neighboring countries, with the recent investment in the Mobile Premier League.