PE Fund Investments

Sports fantasy unicorn MPL in talks with Crypto exchange FTX, others for fundraise

INC42  

Bengaluru-based sports fantasy unicorn Mobile Premier League (MPL) is likely to raise funds from investors including Bahamas-based crypto exchange FTX to drive Web3 proliferation and adoption in the Indian gaming industry. The investment would help the unicorn to expand its offerings and enter new categories such as Web3, where users operate in a decentralised manner rather than relying on commercial enterprises or centralised government organisations, with a focus on community. MPL offers a range of gaming options from skill-based games including daily fantasy sports and chess to casual games such as 8 Ball Pool and Fruit Ninja.

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