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 1 company 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, MPL has 435 employees, reflecting a 22% year-over-year growth in headcount.

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. This marks a decline of 38% from its peak valuation of $2.3B in Jul, 2018. This marks a decline of 38% from its peak valuation of $2.3B in Jul, 2018.

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. Its primary sector is eSports. Globally, the eSports sector has seen $57M in funding in 2026 to date.

What is the annual revenue of MPL?

Annual revenue of MPL is between $100M and $500M 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 2nd amongst 1447 active competitors, of which 102 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Splash Sports, which secured $14.5M in Oct, 2025.

Who are the top competitors of MPL?

MPL's top competitors include DraftKings, FanDuel and Dream Sports. Among them, Splash Sports secured the most recent funding round in October, 2025.

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

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 Winnings are credited to user accounts and can be withdrawn.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 & 74 more

Ranked

2^nd among 1447 active competitors

Annual Revenue

$100M - $500M as on Mar 31, 2025

Employee Count

435 as on May 31, 2025

Investment & Acquisitions

CloudFeather & 8 more

Similar Companies

DraftKings & 1907 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	0 - ₹10 Cr (As on Mar 31, 2025)	182 (As on Mar 31, 2024)
PHOENIXPLAY TECH INDIA PRIVATE LIMITED CIN: U72900KA2022PTC164776 , India, Active	Aug 08, 2022	0 - ₹10 Cr (As on Mar 31, 2025)	-
ANTE MULTIMEDIA PRIVATE LIMITED CIN: U72900KA2020PTC141042 , India, Active	Nov 13, 2020	₹10 - ₹50 Cr (As on Mar 31, 2024)	13 (As on Mar 01, 2024)
GALACTUS FUNWARE TECHNOLOGY PRIVATE LIMITED CIN: U74999KA2018FTC113333 , India, Active	May 22, 2018	₹1,000+ Cr (As on Mar 31, 2025)	110 (As on Apr 01, 2026)
M-LEAGUE PTE. LTD. CIN: 201814427R , Singapore, Active	Apr 26, 2018	$100M - $500M (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 59 institutional investors and 16 angel investors.

Here is the list of recent funding rounds of MPL:

Filter this list

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

Access funding benchmarks and valuations. Sign up today!

View details of MPL's funding rounds and investors

The founders of MPL are Sai Srinivas Kiran Garimella, Shubham Malhotra and Piyush Dohrey. 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.
Contact Info: 1 phone number
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.
Contact Info: 1 phone number
Piyush Dohrey: Owner of MPL.

MPL's Board of Directors

MPL's board has 11 active members. Sai Srinivas Kiran Garimella, Shubham Malhotra and Galina Chifina are part of team and Dibyojyoti Mainak, Arnd Benninghoff, Beh Thiam Hock, Suresh Vaidyanathan, Aditya Kamath, Bhavanipratap Singh Rana, 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	8y 3m
Shubham Malhotra	Team	-	Current	8y 3m
Galina Chifina	Investor	RTP Global	Current	5y 5m
Andre Soelistyo	Investor	Gojek	Past	1y 7m
Arnd Benninghoff	Independent board member	-	Current	2y 7m
Beh Thiam Hock	Independent board member	-	Current	8y 3m
Aditya Kamath	Independent board member	-	Current	4y 2m
Bhavanipratap Singh Rana	Independent board member	-	Current	5y 10m
Mark Stoleson	Independent board member	-	Current	4y 10m
Philip Anthony Vassiliou	Independent board member	-	Current	4y 1m
Goh Sze Hui	Independent board member	-	Past	0y 0m
Dibyojyoti Mainak	Independent board member	-	Past	4y 10m
Suresh Vaidyanathan	Independent board member	-	Past	4y 4m
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:

Uncover MPL's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of MPL include DraftKings, FanDuel and Dream Sports. 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, Revolution & 48 others	87/100
2nd	MPL 2018, Bengaluru (India), Series E	Operator of an online platform providing real money skill-based gaming	$401M	Founders Circle Capital, Pegasus Tech Ventures ... & 73 others	81/100
3rd	FanDuel 2009, New York City (United States), Acquired	Developer of a fantasy platform for multiple sports	$416M	Bullpen Capital, Shamrock Capital Advisors ... & 42 others	81/100
4th	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
5th	Skillz 2012, Las Vegas (United States), Public	Operator of a platform for competitive mobile games and tournaments	$54.3M	Atlas Venture, Liberty Global & 29 others	73/100
6th	Betr 2022, Miami (United States), Series A	Operator of a platform for fantasy sports, sportsbook, and arcade	$102M	Florida Funders, Fuel Venture Capital & 41 others	72/100
7th	PrizePicks 2007, Atlanta (United States), Acquired	Provider of online platform for fantasy sports	$850K	Phoenix Capital Ventures, The Players' Impact ... & 22 others	71/100
8th	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	71/100
9th	Sleeper 2015, San Francisco (United States), Series C	Provider of an app-based fantasy sports platform for multiple sports	$68M	Utopian, Andreessen Horowitz & 12 others	68/100
10th	Splash Sports 2021, Sacramento (United States), Series B	Operator of peer to peer gaming contests for sports fans	$28.6M	Counterview, Erik Seidel & 16 others	67/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on MPL's competitors? Click here to see the top ones

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	1046674	8527401	8891926	1460537
Sai Srinivas Kiran Garimella	1598171	6020358	9430997	9351094	4581135	3287472
Shubham Malhotra	2393635	2784916	1580993	6804676	8351911	9100606
Fund	69.51%	1.36B	1215494	6510621	8263394	5432943
Peak XV Partners	6536782	9934668	1808131	8008177	8879190	7886615
SIG	4281725	8718578	9538676	8773452	9156446	9858716
VGames	64432	93976	98250	52968	60138	36568
MDI Ventures	1899	7386	1721	8360	9519	7232
RTP Global	233	838	669	479	286	970
Moore Ventures	98	11	65	27	31	29
Crown Capital	56	27	59	53	41	84
CMPL Ventures	50	69	67	77	41	58
Founders Circle Capital	8	2	4	1	5	3
Beenext	4	6	3	5	1	1
Almeda Ventures	0	0	0	0	0	0
Kotak Mahindra Bank	0	0	0	0	0	0
Venture Highway	0	0	0	0	0	0
Gentree	0	0	0	0	0	0
MSA Capital	0	0	0	0	0	0
Telstra Ventures	0	0	0	0	0	0
Fenox Venture Capital	0	0	0	0	0	0
Sailhedge Capital	0	0	0	0	0	0
Gaingels	0	0	0	0	0	0
Spartan Group	0	0	0	0	0	0
Octahedron Capital	0	0	0	0	0	0
Toy Ventures	0	0	0	0	0	0
Play Ventures	0	0	0	0	0	0
Infinity Ventures Crypto	0	0	0	0	0	0
Accrete	0	0	0	0	0	0
Base Partners	0	0	0	0	0	0
Preqin	0	0	0	0	0	0
P2 Ventures	0	0	0	0	0	0
CoinFund	0	0	0	0	0	0
Titanium Ventures	0	0	0	0	0	0
Enterprise	3.99%	78.2M	653	495	424	745
Angel	0.28%	5.58M	0	0	0	0
Haresh Chawla	0	0	0	0	0	0
Shalom Meckenzie	0	0	0	0	0	0
Kanush Chaudhary	0	0	0	0	0	0
Gaurav Munjal	0	0	0	0	0	0
Amrish Rau	0	0	0	0	0	0
Pavan Kumar Ongole	0	0	0	0	0	0
Jitendra Gupta	0	0	0	0	0	0
ESOP Pool	0.61%	12M	0	0	0	0
Total	100.00%	196Cr	4247116	3875311	4123888	9687446

To unlock detailed Cap Table of MPL Sign up today!

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 3 investments in companies including Lingopanda and Wyb. 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)
Aug 08, 2024	Investments	Lingopanda	2021	Bengaluru (India)
Jan 22, 2024	Investments	Wyb	2023	Bengaluru (India)