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Indian IT pack falls; MeitY’s e-gaming rulebookIndian IT stocks suffered on Wednesday after HCLTech’s weak Q4 numbers. This and more in today’s ETtech Top 5.- Mobile Premier League net loss narrows to $37 million in FY23 as revenue grows, expenses fallMPL's revenue from operations increased to $104.63 million in FY23, compared to $64.20 million in FY22, at a group level. Expenses also fel...
- Mobile Premier League lays off 350 employees; attributes cost cutting to increased GST burdenIn an email sent to the company’s employees on August 8, MPL cofounder and chief executive Sai Srinivas wrote that the company has to reduc...
- MPL’s game development unit Mayhem Studios raises $20 million from Sequoia, Steadview, Truecaller, othersThe fundraise has come in the backdrop of the central government announcing regulations for online gaming, which legitimises various forms ...
- Over 50K startup employees stare at job loss as India prepares for 200 unicornsNearly 12,000 startup employees have been shown the door to date, let by companies like Ola, Blinkit, BYJU's (White Hat Jr, Toppr), Unacade...
- MPL forays into web3 gaming, in talks to raise $10-$15 millionMPL is in advanced talks to raise $10-$15 million through a simple agreement for future tokens (SAFTs) from investors including Spartan Cap...
- Startups like MPL tweak compensation structure, Esops amid downturnBengaluru-based MPL has introduced a new system aimed at rewarding team performance over individual achievements, changed its Esop (employe...
- Winzo drags Mobile Premier League to Delhi HC over alleged copyright infringementBacked by California-based Griffin Gaming Partners, Winzo claims that in March 2022 it found out that MPL had copied one of its proprietary...
- Mobile Premier League to lay off 100 workers, exit IndonesiaFounded in 2018 by Srinivas and Shubam Malhotra, MPL offers around 70 games across categories such as daily fantasy sports, quizzing, board...
- ETtech Deals Digest: Apna, Mobile Premier League enter unicorn clubIndia’s startup ecosystem minted two new unicorns this week—one of them the youngest to enter the coveted billion-dollar valuation club. Me...
- MPL’s latest funding almost triples its valuation to $2.3 billionMPL was valued at $945 million in its Series D round which it closed in February this year, as ET had reported. Its pre-money valuation the...
- Mobile Premier League becomes unicorn after lockdowns drive growthThe Bengaluru-based startup raised capital from investors led by Legatum Capital with participation from Accrete Capital and Gaingels. The ...
- Another gaming unicorn; GST for Swiggy and Zomato?Mobile Premier League is the 26th Indian startup unicorn of 2021—and the second homegrown gaming startup to cross the $1 billion valuation ...
- Mobile Premier League valuation more than doubles to $945 million after $95 million fundraiseMPL claims to have over 50 games across various categories on its Android and iOS applications, and has worked with 28 game developers to p...
- Mobile Premier League raises fresh capital as valuation doubles to $800 million in four monthsCompany picks up funds at nearly $800 million valuation as online gaming sector clocks big growth amid the pandemic.
- MPL bags $90m; valuation rises to $450 millionThe latest round, valuing the real money competitive mobile gaming platform at $450 million, was led by SIG Global and RTP Global, along wi...
- Nazara plans 20 startup bets in 2020Nazara Technologies plans to shortlist 20 technology-based gaming companies in which it will acquire strategic stake. These companies will ...
- MPL bags Rs 250 cr from Go-Jek Arm, Sequoia, Times InternetThis marks Go-Jek’s maiden financial investment in India, after having acquired three local companies to boost its technology and engineeri...
- Indonesia’s Go-Jek in talks to invest $30M in e-sports startup Mobile Premier LeagueThe company’s earlier fundraise was led by Sequoia Capital, which is also an early backer of Go-Jek.
- Mid-term Pick: Madhucon ProjectsCooling commodity prices will benefit MPL, as it has orders with fixed price contracts. It will also be one of the biggest beneficiaries of...
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