Grapevine: Global trading firm to lead Series B funding for Mobile Premier League
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Grapevine: Global trading firm to lead Series B funding for Mobile Premier League

By Ankit Agarwal

  • 08 Sep 2020
Grapevine: Global trading firm to lead Series B funding for Mobile Premier League
Credit: VCCircle

Fantasy gaming platform Mobile Premier League (MPL) is in advanced talks with Susquehanna International Group (SIG), a global trading firm based near Philadelphia, to lead its Series B funding round worth up to $60 million (about Rs 440 crore), three people aware of the details told Entrackr. 

“SIG would lead the round while existing investors including Sequoia India, Times Internet and Go-Ventures (venture capital arm of Indonesian ride-hailing and payments firm Go-Jek) would also participate,” said one of the persons.

“MPL (run by Galactus Funware Technology Pvt. Ltd and a competitor of unicorn Dream11) will be valued in the range of $350-380 million (Rs 2,796 crore) by SIG,” said another person.

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In April last year, MPL raised $35.5 million in its Series A round led by venture capital firm Sequoia Capital.

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