About MPL
MPL is a company based in Bengaluru (India) founded in 2018 by Sai Srinivas Kiran Garimella and Shubham Malhotra.. MPL has raised $395.81 million across 10 funding rounds from investors including Gojek, Kotak Mahindra Bank and Times Internet. The company has 212 employees as of March 28, 2024. MPL has completed 6 acquisitions, including CloudFeather, Crevise Technologies and GGX. MPL offers products and services including MPL Games. MPL operates in a competitive market with competitors including DraftKings, FanDuel, Dream Sports, Zupee and Skillz, among others.
- Headquarter Bengaluru, India
- Employees 212 as on 28 Mar, 2024
- Founders Sai Srinivas Kiran Garimella, Shubham Malhotra
- Stage Unicorn
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Galactus Funware Technology Private Limited
- Date of Incorporation 22 May, 2018
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$100.11 M (USD)36.46as on Mar 31, 2023
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Net Profit
$-10.49 M (USD)80.59as on Mar 31, 2023
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EBITDA
$-10.96 M (USD)79.63as on Mar 31, 2023
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Total Equity Funding
$395.81 M (USD)
in 10 rounds
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Latest Funding Round
$2.61 M (USD), Series E
Aug 21, 2023
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Investors
Gojek
& 58 more
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Employee Count
212
as on Mar 28, 2024
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Investments & Acquisitions
CloudFeather
& 5 more
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Products & Services of MPL
MPL offers a comprehensive portfolio of products and services, including MPL Games. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Games are offered for play on MPL platform.
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Software Development Team
43 people
Leadership Team
20 people
Data Analysis and Operations Team
12 people
Sales and Marketing
9 people
Senior Team
8 people
Product Management Team
5 people
Human Resources and Administration
5 people
SDET Team
4 people
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Funding Insights of MPL
MPL has successfully raised a total of $395.81M across 10 strategic funding rounds. The most recent funding activity was a Series E round of $2.61 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series E — $2.6M
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First Round
First Round
(06 Jul 2018)
- Investors Count 59
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Series E - MPL | Valuation | Play Ventures | |
| May, 2022 | Amount | Series E - MPL | Valuation | unknown | |
| Sep, 2021 | Amount | Series E - MPL | Valuation | Legatum , Crown Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MPL
MPL has secured backing from 59 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Gojek, Kotak Mahindra Bank and Times Internet. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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VC firm investing in the US and Brazil
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Founded Year | Domain | Location | |
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Venture capital firm investing in startups and providing support programs.
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Founded Year | Domain | Location | |
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Early-stage venture capital fund
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MPL
MPL has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include CloudFeather, Crevise Technologies and GGX. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Digital gaming assets are traded via an online marketplace.
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2022 | ||||
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Provider of online gaming platform
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2020 | ||||
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DevOps solutions are delivered for development and operations needs.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - MPL
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mpl Comparisons
Competitors of MPL
MPL operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DraftKings, FanDuel, Dream Sports, Zupee and Skillz, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online fantasy sports platforms are provided for multiple sports.
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| domain | founded_year | HQ Location |
Developer of a fantasy platform for multiple sports
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| domain | founded_year | HQ Location |
Operator of a multifaceted platform for sports content and experiences
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| domain | founded_year | HQ Location |
Operator of an online platform providing free-to-play digital versions of games
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| domain | founded_year | HQ Location |
A platform is operated for competitive mobile gaming and development.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mpl
Frequently Asked Questions about MPL
When was MPL founded?
MPL was founded in 2018.
Where is MPL located?
MPL is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of MPL?
Sai Srinivas Kiran Garimella is the current CEO of MPL. They have also founded this company.
Is MPL a funded company?
MPL is a funded company, having raised a total of $395.81M across 10 funding rounds to date. The company's 1st funding round was a Series E of $156.56M, raised on Jul 06, 2018.
How many employees does MPL have?
As of Mar 28, 2024, the latest employee count at MPL is 212.
What is the annual revenue of MPL?
Annual revenue of MPL is $100.11M as on Mar 31, 2023.
What does MPL do?
MPL is operated as a platform for online gaming. Currently, cash games and deposits are not available due to legal compliance. The focus is maintained on providing non-cash gaming experiences to users. Operations are adjusted to align with applicable laws and regulations in the gaming sector.
Who are the top competitors of MPL?
MPL's top competitors include FanDuel, DraftKings and Dream Sports.
What products or services does MPL offer?
MPL offers MPL Games.
How many acquisitions has MPL made?
MPL has made 6 acquisitions, including CloudFeather, Crevise Technologies, and GGX.
Who are MPL's investors?
MPL has 59 investors. Key investors include Gojek, Kotak Mahindra Bank, Times Internet, Preqin, and Peak XV Partners.
What is MPL's valuation?
The valuation of MPL is $2.19B as of Aug 2023.
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