When was MPL founded?

MPL was founded in 2018 and became a unicorn in 2021.

Where is MPL located?

MPL is headquartered in Bengaluru, India.

Who is the current CEO of MPL?

Sai Srinivas Kiran Garimella of MPL. They have also founded 2 companies and are angel investors in 8 startups, including Mayhem Studios and CREO Tech.

Which legal entities is MPL associated with?

MPL is associated with M-LEAGUE PTE. LTD. and 4 others.

How many employees does MPL have?

As of May 31, 2025, the latest employee count at MPL is 435.

Is MPL a funded company?

MPL is a funded company, having raised a total of $401M across 11 funding rounds to date. The company's 1st funding round was a $5M Series A round, raised on Jul 06, 2018.

How much is MPL worth?

The latest valuation of MPL is $1.45B as of Feb 09, 2025.

When was the latest funding round of MPL?

MPL's latest funding was a $5.41M Series E round on Feb 09, 2025, with participation from 8 investors.

What is the annual revenue of MPL?

Annual revenue of MPL is $167M as on Mar 31, 2025.

Is MPL a eSports company?

The primary sectors of MPL are eSports, Mobile Gaming and Sports Tech.

Where does MPL rank among its competitors?

MPL ranks 3rd amongst 1432 active competitors, of which 104 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was MPL, which secured $5.41M in Feb, 2025.

Who are the top competitors of MPL?

MPL's top competitors include DraftKings, FanDuel and Games24x7. Among them, MPL secured the most recent funding round in February, 2025.

MPL - 2026 Company Profile, Team, Funding, Competitors & Financials

MPL is a series E company based in Bengaluru (India), founded in 2018 by Sai Srinivas Kiran Garimella and Shubham Malhotra. It operates as an Operator of an online platform providing real money skill-based gaming. MPL has raised $401M in funding from investors like Peak XV Partners, Times Internet and Google Ventures, with a current valuation of $1.45B. The company has 1432 active competitors, including 104 funded and 44 that have exited. Its top competitors include companies like DraftKings, FanDuel and Games24x7.

Sectors and market segments that MPL operate in

MPL serves in the Gaming, Mobile market segments.The primary business model of MPL are:

Company Details

Operator of an online platform providing real money skill-based gaming. The platform offers various card, puzzle, sports, and casual games. Users can participate in contests and tournaments. Winnings are credited to user accounts and can be withdrawn.

Website: www.mpl.live/
Social
Email ID: *****@mplgaming.com

Key Metrics

Founded Year

2018

Location

Bengaluru, India

Stage

Series E

Total Funding

$401M in 11 rounds

Latest Funding Round

Series E, Feb 09, 2025, $5.41M

Post Money Valuation

$1.45B as on Feb 09, 2025

Investors

Peak XV Partners & 73 more

Ranked

3^rd among 1432 active competitors

Annual Revenue

$167M as on Mar 31, 2025

Employee Count

435 as on May 31, 2025

Investment & Acquisitions

CloudFeather & 7 more

Similar Companies

DraftKings & 1223 more

View MPL's full profile

MPL is associated with 5 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
BLACKWING SOFT-TECH PRIVATE LIMITED CIN: U72900KA2021FTC146101 , India, Active	Apr 05, 2021	$16.1K (As on Mar 31, 2025)	182 (As on Mar 31, 2024)
PHOENIXPLAY TECH INDIA PRIVATE LIMITED CIN: U72900KA2022PTC164776 , India, Active	Aug 08, 2022	$154K (As on Mar 31, 2025)	-
ANTE MULTIMEDIA PRIVATE LIMITED CIN: U72900KA2020PTC141042 , India, Active	Nov 13, 2020	$1.93M (As on Mar 31, 2024)	13 (As on Mar 01, 2024)
GALACTUS FUNWARE TECHNOLOGY PRIVATE LIMITED CIN: U74999KA2018FTC113333 , India, Active	May 22, 2018	$125M (As on Mar 31, 2025)	435 (As on May 31, 2025)
M-LEAGUE PTE. LTD. CIN: 201814427R , Singapore, Active	Apr 26, 2018	$167M (As on Mar 31, 2025)	-

MPL has raised a total funding of $401M over 11 rounds. Its first funding round was on Jul 06, 2018. Its latest funding round was a Series E round on Feb 09, 2025 for $5.41M. 8 investors participated in its latest round. MPL has 58 institutional investors and 16 angel investors.

Here is the list of recent funding rounds of MPL:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 09, 2025	$5.41M	Series E	$1.45B	8.8x	Spartan Group	Play Ventures, Infinity Ventures Crypto, Base Partners, P2 Ventures, Kratos Studios, Titanium Ventures, Sai Srinivas Kiran Garimella
Aug 21, 2023	$2.61M	Series E	$1.44B	-	Play Ventures	Base Partners, Peak XV Partners, CoinFund, Beenext, SIG, VGames, MDI Ventures, RTP Global, Moore Ventures, Crown Capital, CMPL Ventures, Founders Circle Capital, Telstra Ventures, Alameda Research, Kotak Mahindra Bank, Venture Highway, Gentree, MSA Capital, Play Ventures, Fenox Venture Capital, Sailhedge Capital, Gaingels
May 19, 2022	$5.93M	Series E	$1.41B	-	Novocap	Accrete

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View details of MPL's funding rounds and investors

The founders of MPL are Sai Srinivas Kiran Garimella and Shubham Malhotra. Sai Srinivas Kiran Garimella is the CEO of MPL.

Here are the details of MPL's key team members:

Sai Srinivas Kiran Garimella: Co-Founder & CEO of MPL and founder of 5 other companies, including Mayhem Studios, MPL and CREO Tech. They are also an angel investor in 8 startups and serve on the boards of 2 companies.
Shubham Malhotra: Co-Founder of MPL and founder of 4 other companies, including Mayhem Studios, MPL and CREO Tech. They are also an angel investor in 5 startups and serve on the board of 1 company.

MPL's Board of Directors

MPL's board has 9 active members. Sai Srinivas Kiran Garimella, Shubham Malhotra and Galina Chifina are part of team and Arnd Benninghoff, Beh Thiam Hock, Bhavanipratap Singh Rana, Aditya Kamath, Mark Stoleson and Philip Anthony Vassiliou are independent board members.

Here is the list of MPL's board of directors:

Name	Type	Representing	Status	Duration
Sai Srinivas Kiran Garimella	Team	-	Current	7y 11m
Shubham Malhotra	Team	-	Current	7y 11m
Galina Chifina	Investor	RTP Global	Current	5y 1m
Andre Soelistyo	Investor	Gojek	Past	1y 7m
Arnd Benninghoff	Independent board member	-	Current	2y 3m
Beh Thiam Hock	Independent board member	-	Current	7y 11m
Bhavanipratap Singh Rana	Independent board member	-	Current	5y 6m
Aditya Kamath	Independent board member	-	Current	3y 10m
Mark Stoleson	Independent board member	-	Current	4y 6m
Philip Anthony Vassiliou	Independent board member	-	Current	3y 10m
Goh Sze Hui	Independent board member	-	Past	0y 0m
Dibyojyoti Mainak	Independent board member	-	Past	4y 6m
Suresh Vaidyanathan	Independent board member	-	Past	4y 0m
Damien Tran	Independent board member	-	Past	0y 0m

View details of MPL's Founder profiles and Board Members

MPL's employee count trend

MPL has 435 employees as of May 25. The total employee count is 21.0% more than what it was in May 24. Here is MPL's employee count trend over the years:

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Top competitors of MPL include DraftKings, FanDuel and Games24x7. Here is the list of Top 10 competitors of MPL, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	DraftKings 2012, Boston (United States), Public	Platform providing online solutions for fantasy sports and sports betting	$719M	Atlas Venture, The Raine Group & 49 others	88/100
2nd	FanDuel 2009, New York City (United States), Acquired	Developer of a fantasy platform for multiple sports	$416M	Comcast Ventures, Bullpen Capital & 42 others	82/100
3rd	MPL 2018, Bengaluru (India), Series E	Operator of an online platform providing real money skill-based gaming	$401M	Founders Circle Capital, RTP Global & 72 others	81/100
4th	Games24x7 2006, Mumbai (India), Series C	Operator of a platform providing Rummy, Fantasy Sports, and Ludo	$98.1M	Tiger Global Management, The Raine Group ... & 32 others	77/100
5th	Underdog Fantasy 2020, Brooklyn (United States), Series C	Developer of an online fantasy sports platform	$115M	BlackRock, Spark Capital & 29 others	75/100
6th	Dream Sports 2008, Mumbai (India), Series F	Provider of sports-related digital content, fantasy sports, and sports travel experiences	$942M	Tiger Global Management, Multiples Alternate Asset Management ... & 13 others	73/100
7th	Betr 2022, Miami (United States), Series A	Operator of a platform for fantasy sports, sportsbook, and arcade	$102M	Fuel Venture Capital, Florida Funders & 37 others	72/100
8th	PrizePicks 2007, Atlanta (United States), Acquired	Provider of online platform for fantasy sports	$850K	Phoenix Capital Ventures, The Players' Impact ... & 21 others	71/100
9th	Dream11 2008, Mumbai (India), Funding Raised	Online sports fantasy platform that allows users to create virtual teams of real players	-	Chimera, Alpha Wave Global	70/100
10th	Sleeper 2015, San Francisco (United States), Series C	Provider of an app-based fantasy sports platform for multiple sports	$68M	Andreessen Horowitz, General Catalyst & 11 others	67/100

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Founders own 25.60%, Funds (largest shareholder) own 69.51%, Enterprises own 3.99% and Angels own 0.28%. The net worth of MPL's founders is INR 502M as of Feb 09, 2025.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	25.60%	502M	4653114	9487604	7270617	2861016
Sai Srinivas Kiran Garimella	9735476	5174631	8400359	5790666	7116477	5274406
Shubham Malhotra	8200670	9202465	1662618	3902665	4395275	7234420
Fund	69.51%	1.36B	5870741	2271699	3547882	2205265
Spartan Group	0	0	0	0	0	0
Play Ventures	0	0	0	0	0	0
Base Partners	0	0	0	0	0	0
VGames	45180	16779	78711	92820	93699	46819
Crown Capital	51	28	27	76	39	25
Accrete	0	0	0	0	0	0
Enterprise	3.99%	78.2M	353	412	820	463
Angel	0.28%	5.58M	0	0	0	0
ESOP Pool	0.61%	12M	0	0	0	0
Total	100.00%	196Cr	8188958	3356516	3936816	2926471

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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.

Disclaimer

View more details of MPL's Shareholding

MPL has made 2 investments in companies including Wyb and Mayhem Studios. MPL has also acquired 6 companies including CloudFeather and GGX.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Dec 10, 2024	Acquisition	CloudFeather	2020	Bengaluru (India)
Jan 22, 2024	Investments	Wyb	2023	Bengaluru (India)
Dec 12, 2023	Acquisition	GGX	2022	Bengaluru (India)