- Mobile Premier League (MPL), an esports and talent gaming platform has GamingMonk for an undisclosed amount.
- According to entrackr, it is talking with current and new investors to raise to $150 million.
- In 2019, Mobile e-sports platform Mobile Premier League (MPL) had acquired Pune-based Crevice Technologies that was the first acquisition the startup made happen.
Mobile Premier League (MPL), an esports and talent gaming platform, announced on Tuesday that it has acquired esports gaming platform GamingMonk for an undisclosed amount.
GamingMonk organizes esports competitions on a variety of platforms, including computers, consoles, and handheld devices. It acts as a launchpad for publishers and a community for players, resulting in a unified environment that spans esports, live streaming, and content discovery.
It also is in negotiations with current and new investors to raise to $150 million, valuing it at well over $1 billion and turning it into a unicorn.
Fantasy sports and e-sports have exploded in popularity in India. As a result, investors are optimistic about the sector and are writing big checks with a significant valuation premium.
As part of the transaction, MPL has absorbed the entire GamingMonk team. This acquisition will allow MPL to accelerate, bringing to market key national, regional, and global tournament IPs and allow it to develop a full suite of esports and broadcasting capabilities.
GamingMonk, headquartered in Delhi, had over 1.3 million registered users as of April 2021.
MPL has also introduced Esports Arena, the banner under which the site will host fortnightly esports tournaments in some of its flagship games such as chess, WCC, pool, etc. Each of these tournaments will have a cash prize of Rs10 lakh, and all gamers are welcome to participate. The games will also be streamed on MPL’s social media sites.
MPL’s Esports Arena aims to bring esports to the masses, with smartphone-friendly gaming games.
The number of Livestream views in four such tournaments for games like pool, chess, and WCC has surpassed 5 million, with over 70,000 people registering for the tournaments. Chess grandmaster Vidit Gujrathi, along with popular gamers and streamers such as Jonathan Gaming, Gaming Guru, Soul Regaltos, and others were a part of these tournaments.
“I am confident that our partnership with MPL will not only help us achieve our goal but will also change the way everyone in our country views esports. MPL has been a leader in changing Asia’s gaming culture, so it was a no-brainer for us that if anyone could help us achieve our target as soon as possible, it had to be them “co-founder Ashwin Haryani said.