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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.- MPL to slash local workforce as real-money gaming ban wipes out India bizAs a group, India accounted for 50% of Mobile Premier League (MPL) parent M-League's revenue and this change would mean that we will no lon...
- MPL-backed Web 3 fantasy platform Striker shuts down operationsThe shutdown comes amid several layoffs and closures in the online real money gaming sector, which followed the imposition of a 28% goods a...
- 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...
- 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...
- 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...
- Mobile Premier League earmarks Rs 2,000 crore for Great Indian Gaming LeagueMobile Premier League expects to see 7 million players participate across different categories during the tournament that will run from Mar...
- Mobile Premier League acquires German games studio GameDuellThe move is in line with MPL’s strategy to expand footprints across key global markets. It already has a presence in Indonesia and the US, ...
- 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 ...
- Play Magnus Group, Mobile Premier League forge partnership for MPL Indian Chess Tour“India is a fast-growing market for chess and the MPL Indian Chess Tour is a fantastic opportunity for young Indian players to shine on bot...
- Mobile Premier League is all set to start its US inningsMobile Premier League (MPL), a Sequoia India-backed online gaming startup seeks to stand out in the US market by becoming a ‘super app’—a u...
- NRAI, MPL join hands for sports shooting mobile game, to be launched on Independence DayThe game will be a simulator style, non-violent shooting game with International Shooting Sport Federation (ISSF) style trap and skeet form...
- Mobile Premier League acquires GamingMonk; launches Esports arenaGamingMonk hosts esports tournaments across multiple platforms including PC, console and mobile
- 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...
- MPL raises $90 million in funding led by SIG, MDI, RTPSince its founding in September 2018, MPL has added over 70 games on its platform, working with over 28 game developers and studios. Its us...
- Mobile Premier League renews sponsorship deal with Virat Kohli“I am happy to announce that I have renewed my association with MPL,” said Kohli. “In just over a year, I have seen this young Indian start...
- Gaming startup MPL ropes in Virat Kohli in Rs 12 crore dealThe company has raised over Rs 35 crore from Sequoia Capital India and has been in talks to raise another Rs 200 crore led by Indonesia’s r...
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