Indian esports platform Mobile Premier League has raised $35.5 million in a Series A investment round.
The funds are aimed at fueling the company’s product and user growth. The platform, which lets players join a tournament or one-versus-one battle and compete for real money, has picked up 25 million installs to date.
The investment was led by Sequoia India, Times Internet and GoVentures and also included RTP Global, BeeNext, Base Growth and Venture Highway.
“Our goal is to build India’s largest mobile esports platform which is accessible to all,” said Mobile Premier League CEO Sai Srinivas Kiran G.
“MPL today provides users access to all formats and types of competitive games. Like with everything else, competitive gaming in India will be mobile first and MPL wants to be the platform of choice for the user.
"In the seven months since launch, the user love we have received is testimony to that. We are thankful and excited to have investors who share the same bold vision.”