Indonesian firm invests $30m in MPL

Go-Ventures, the investment arm of Go-Jek, one of Indonesia’s most valuable tech startups, is finalising a $30 million financing round in Indian mobile gaming company, Mobile Premier League (MPL), the Economic Times reports.

For MPL, this will be its second fundraising in a gap of a few months and is likely to see its valuation increase ten times from the previous round up to $150 million, the newspaper said.

MPL is an eSports platform where users participate in what the company refers to as skill-based game tournaments including cricket, puzzles, crosswords among others, to win real cash. Its Android app has more than 1,000,000 installs. MPL claims to be the largest real money mobile gaming platform.