About MPL
MPL is a Media & Entertainment company based in Bengaluru (India) founded in 2018 by Sai Srinivas Kiran Garimella and Shubham Malhotra. Real money skill-based gaming is facilitated through an online platform. MPL has raised $401.22 million across 11 funding rounds from investors including Gojek, Kotak Mahindra Bank and Times Internet. The company has 435 employees. MPL has completed 6 acquisitions, including CloudFeather, Crevise Technologies and GGX. MPL was last valued at $1.45 billion in February 2025. Its chief executive, as recorded, is Sai Srinivas Kiran Garimella. Its website mpl.live draws about 482 thousand monthly visits. Its Indian entity Galactus Funware Technology Private Limited reported revenue of ₹1,057 Cr. MPL offers products and services including MPL Games. Its focus areas include Technology, Gaming and Online Gaming. Its competitors include Dream Sports and Zupee; 2 of its 2 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Employees 435
- Founders Sai Srinivas Kiran Garimella, Shubham Malhotra
- Stage Unicorn
- SectorsMedia & Entertainment
- Email••••••••
- Website mpl.live
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Galactus Funware Technology Private Limited
- Date of Incorporation 22 May, 2018
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1,057 Cr
FY 2025 · +18% YoY
- Net Profit₹122 Cr
FY 2025 · 12% margin
- EBITDA₹81.72 Cr
FY 2025 · 8% margin
- Total Equity Funding$401.22M (USD)
in 11 rounds
- Latest Funding Round$5.41M (USD), Series E
Feb 2025
- InvestorsGojek
& 72 more
- Employee Count435
- Investments & AcquisitionsCloudFeather
& 5 more
Associated legal entities of MPL
MPL is associated with 3 registered companies on The Company Check; the primary company is Galactus Funware Technology Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Galactus Funware Technology Private Limited CIN U74999KA2018FTC113333 | Active | 22 May 2018 | Bangalore, Karnataka | ₹1,057 Cr | 212 | 3 | View details |
| Blackwing Soft-Tech Private Limited CIN U72900KA2021FTC146101 | Active | 05 Apr 2021 | Bangalore, Karnataka | ₹0.1 Cr | 262 | 2 | View details |
| Nereus Sport Products Private Limited CIN U36939KA2020PTC140707 | Active | 05 Nov 2020 | Bangalore, Karnataka | ₹0.9 Cr | 4 | 3 | View details |
Products & Services of MPL
MPL offers a comprehensive portfolio of products and services, including MPL Games.
Games are offered for play on MPL platform.
Funding Insights of MPL
MPL has successfully raised a total of $401.22M across 11 strategic funding rounds. The most recent funding activity was a Series E round of $5.41 million completed in February 2025. 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 $401.22M
- Total Rounds 11
- Last Round Series E — $5.41M
- First Round $5M
(Jul 2018)
- Investors Count 73
Latest 10 of 11 funding rounds of MPL with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2025 | $5.41M | Series E | – | Spartan Group | |
| Aug 2023 | $2.61M | Series E | $2.19B | Play Ventures | |
| May 2022 | $5.93M | Series E | $2.19B | novocap.co | |
| Sep 2021 | $156.56M | Series E | $••••• | Legatum, Crown Capital | |
| Apr 2021 | $4.71M | Series D | $••••• | Major Plafrom | |
| Feb 2021 | $95M | Series D | $••••• | Composite Capital Management | |
| Jan 2021 | $500,000 | Series C | – | – | – |
| Sep 2020 | $90M | Series C | $••••• | Pegasus Tech Ventures, MDI Ventures | |
| Jun 2019 | $48,041 | Debt – Conventional | – | – | |
| Jan 2019 | $35.5M | Series A | $••••• | GoVenture, Times Internet |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2023 | $2.19B | •••••••• |
| May 2022 | $2.19B | •••••••• |
| Sep 2021 | $••••• | •••••••• |
| Apr 2021 | $••••• | •••••••• |
| Feb 2021 | $••••• | •••••••• |
| Sep 2020 | $••••• | •••••••• |
| Jan 2019 | $••••• | •••••••• |
| Jul 2018 | $••••• | •••••••• |
Full valuation and stage history of MPL
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $1.45B (Feb 2025). 73 investors in total: 59 institutional and 14 angel.
Investors in MPL
MPL has secured backing from 73 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Gojek, Kotak Mahindra Bank and Times Internet.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC firm investing in the US and Brazil | basepar.com | Sao Paulo, Brazil | ||
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India | |
Early-stage venture capital fund | beenext.com | Singapore, Singapore | ||
Diversified investment management is handled by SIG across multiple assets. | 1987 | sig.com | Bala Cynwyd, United States | |
Venture capital fund focused on games sector | vgames.vc | Tel Aviv, Israel | ||
Corporate-backed venture capital is directed toward fintech and cloud sectors. | mdi.vc | Jakarta, Indonesia | ||
Venture capital firm focused on early-stage technology companies | 2011 | rtp.vc | New York, United States | |
Investments are focused on agtech, renewable energy, and transportation sectors. | moore-ventures.com | Los Angeles, United States | ||
Investment management firm focusing on venture capital and direct secondary transactions | founderscircle.com | Campbell, United States | ||
Venture capital firm backed by Telstra | telstraventures.com | San Francisco, United States |
Investor details for MPL
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Galactus Funware Technology Private Limited (MPL)
Galactus Funware Technology Private Limited is the primary company behind MPL. The boards of the 3 registered companies of MPL currently have 5 directors; the longest-serving is Dibyojyoti Mainak, appointed in 2021. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Dibyojyoti Mainak DIN 09218485 | Director | 30 Jun 2021 | 5 yrs 4 mo | Blackwing Soft-Tech Private Limited, Nereus Sport Products Private Limited |
| Suresh Vaidyanathan DIN 09389414 | Director | 22 Mar 2022 | 4 yrs 7 mo | Galactus Funware Technology Private Limited, Nereus Sport Products Private Limited |
| Rachit Rakesh Rastogi DIN 10281858 | Additional Director | 30 Oct 2025 | 1 yr | Blackwing Soft-Tech Private Limited, Nereus Sport Products Private Limited |
| Mohan Kumar Pramod DIN 10209423 | Additional Director | 30 Oct 2025 | 1 yr | Galactus Funware Technology Private Limited |
| Kanikanda Ayyappa Deepika DIN 11382912 | Additional Director | 14 Nov 2025 | 11 mo | Galactus Funware Technology Private Limited |
People of MPL
158 people are tracked at MPL (41 in leadership, 117 in team); the tracked headcount is 435.
| Name | Role | Group |
|---|---|---|
Sai Srinivas Kiran Garimella | Co-Founder & CEO | Leadership |
| Co-Founder | Leadership | |
Varsha Shivanagowda | Vice President (policy & Legal) | Leadership |
Ritika Chatterjee | Associate Vice President - Legal | Leadership |
Ravi Shekhar | Vice President Of Products | Leadership |
Gaurav Kriplani | Head Of People | Leadership |
Maulik Gandhi | Associate Director, People Strategy & Development | Leadership |
Gsn Aditya | Vice President, Revenue And Categories | Leadership |
Gordon Chen | Head Of Games & Production. Publishing, M-league | Leadership |
Arun Kumar | Vice President - Partnerships & Commercials | Leadership |
Deeptanshu Raghav | Associate Director - Revenue | Leadership |
Priya Sharma | Associate Director - Revenue & Growth | Leadership |
Rishabh Mehrotra | Head Revenue (game Duell) | Leadership |
Manish Shrivastava | VP, Marketing & Growth | Leadership |
Rahul Tripathi | VP, Engineering | Leadership |
Shailja Mittal | Associate Director, Growth (ua) | Leadership |
Sanchit Agrawal | Associate Director Technical Program Manager | Leadership |
Sai Srinivas Kiran G | Co-Founder & CEO | Leadership |
Divyanshu Grover | Vice President | Leadership |
Harshada Ojha | Director | Leadership |
138 more people are available in the full profile.
Complete people profiles for MPL
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Financials of MPL
Figures of Galactus Funware Technology Private Limited, the primary company behind MPL, for FY 2025. Revenue was ₹1,057 Cr (+18% year on year). Net profit was ₹122 Cr (12% margin). EBITDA was ₹81.72 Cr (8% margin). Revenue has grown at a compounded annual rate of +20% over three years and +116% over five years.
- ₹1,057 CrRevenue · FY 2025 · +18% YoY
- ₹122 CrNet profit · 12% margin
- ₹81.72 CrEBITDA · 8% margin
- ₹2.22 CrPaid-up capital
- 212Employees (provident fund records)
- +20%Revenue CAGR, 3 years
- +116%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Galactus Funware Technology Private Limited are on its company page.
Detailed financial statements for MPL
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by MPL
MPL has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include CloudFeather, Crevise Technologies and GGX.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of online gaming platform | cloudfeathergames.com | Bengaluru, India | 2020 | Dec 2024 | •••• | |
Digital gaming assets are traded via an online marketplace. | ggx.io | Bengaluru, India | 2022 | Dec 2023 | $12.75M | |
Casual games are developed for web and mobile platforms. | gameduell.com | Berlin, Germany | 2003 | Feb 2022 | •••• | |
E-sports tournaments and gaming products are organized by GamingMonk. | gamingmonk.com | Delhi, India | 2014 | Apr 2021 | •••• | |
A video-sharing platform for regional language content is provided. | samosaapp.com | Hyderabad, India | 2015 | Jun 2020 | •••• | |
DevOps solutions are delivered for development and operations needs. | crevise.com | Pune, India | 2016 | May 2019 | •••• |
Complete acquisition details for MPL
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Timeline of MPL
12 dated milestones of MPL across 7 years, from founding to its latest funding, stage changes and deals.
- Founded MPL is founded.
- Funding First funding round of $5.0M.
- Milestone Reaches Minicorn status.
- Acquisition Acquires Crevise Technologies.
- Acquisition Acquires Samosa.
- Milestone Reaches Soonicorn status.
- Acquisition Acquires MPL.
- Milestone Reaches Unicorn status.
- Acquisition Acquires GameDuell.
- Acquisition Acquires GGX.
- Acquisition Acquires CloudFeather.
- Funding Latest funding round, Series E, of $5.4M.
Competitors of MPL
MPL has 2 listed competitors in our database, 2 of them funded. They include Dream Sports and Zupee.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dreamsports.group | 2008 | Mumbai, India | $942.17M | 1,307 | Operator of a multifaceted platform for sports content and experiences | |
| zupee.com | 2018 | Gurugram, India | $122.04M | 554 | Operator of an online platform providing free-to-play digital versions of games |
Detailed competitors of MPL
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Web traffic of MPL
The website of MPL (mpl.live) receives about 481.5K visits a month.
- Monthly visits481.5K
▲ 22.6% vs previous month
Websites whose visitors overlap most with MPL. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| figma.com | 100% | 84.7M | #221 | View details | |
carrom.co.uk | carrom.co.uk | 95% | #3,278,715 | – | |
| referkaroearnkaro.com | 95% | 45.4K | #779,748 | View details | |
osric.com | osric.com | 95% | #571,514 | – | |
passionategeekz.com | passionategeekz.com | 95% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for MPL
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Top companies in Sports Technology Platforms
3 companies that operate in the same segment as MPL (Sports Technology Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Operator of a platform providing skill-based games and interactive entertainment | 2018 | Delhi, Delhi, India | USD 92 M | USD 83.05 M | 1 | |
Operator of a multifaceted platform for sports content and experiences | 2008 | Mumbai, Maharashtra, India | USD 942.17 M | USD 509.95 K | 1,310 | |
Skill-based online games are provided through a technology-driven platform. | 2006 | Mumbai, Maharashtra, India | USD 98.07 M | USD 264.51 M | 777 |
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Related news about Mpl
Complete news archive for MPL
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Frequently Asked Questions about MPL
MPL was founded in 2018.
MPL is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sai Srinivas Kiran Garimella is the CEO of MPL, as recorded in our data. They have also founded this company.
MPL is a funded company, having raised a total of $401.22M across 11 funding rounds to date. The company's 1st funding round was a Series A of $35.5M, raised on Jul 2018.
MPL has 435 employees.
The primary company behind MPL, Galactus Funware Technology Private Limited, reported revenue of ₹1,057 Cr for FY 2025, up 18% year on year.
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.
MPL's top competitors include Dream Sports and Zupee.
MPL offers MPL Games.
MPL has made 6 acquisitions, including CloudFeather, Crevise Technologies, and GGX.
MPL has 73 investors. Key investors include Gojek, Kotak Mahindra Bank, Times Internet, Preqin, and Peak XV Partners.
The valuation of MPL is $1.45B as of Feb 2025.