Mpl

Europe is emerging as a bright growth spot for MPL’s parent firm, even as its Indian operations are disrupted by the ban on real-money games.

MPL to significantly downsize its India workforce after govt's real-money gaming ban

MPL and other real-money gaming firms had suspended contests and games involving money on their platforms after the Parliament passed the online gaming law that prohibits such games.

Gaming platform MPL won't contest real-money gaming ban

MPL joins a growing list of companies, including Dream11 parent Dream Sports, Gameskraft, Zupee, and PokerBaazi parent firm Moonshine Technology, which have decided not to challenge the law

MPL acquires game development tools startup CloudFeather Games to bolster tech capabilities

CloudFeather has built technology tools for game developers, including server infrastructure and wallet integration systems

MPL parent firm launches Blast+ to bring global games to India

Blast+, a dedicated free-to-play game publishing arm of MPL parent firm M-League, will help gaming studios across the world publish and scale their games in India.

Skill-gaming unicorn MPL's parent firm's FY24 revenue jumps 22% to $130 million

M-League, the parent firm of Mobile Premier League (MPL) and GameDuell, said it broke even with an adjusted EBITDA of $0.2 million

MPL-backed Mayhem Studios bags funding from Lumikai

Mayhem Studios is building a battle royale title Underworld Gang Wars, which is expected to be launched later in the year. The game has, so far, clocked more than 7.5 million pre-registrations

MPL-backed Mayhem Studios kicks off closed beta for Underworld Gang Wars

Underworld Gang Wars is the first AAA gaming title from Mayhem Studios. The battle royale claims to have garnered over 7 million pre-registrations

Skill gaming unicorn MPL's global foray pays off; records 38% revenue from global markets in FY23

MPL's overall revenue grew to $104.63 million in FY23, registering a 63% increase from $64.2 million in FY22. Its revenues from the Indian market grew by 23% to Rs 521.8 crore ($64.7 million) in FY23, from Rs 424.4 crore ($57.2 million) in FY22

PhonePe’s Indus Appstore onboards real-money gaming apps ahead of public launch

These partnerships are expected to give a major boost to Indus Appstore as the company looks to challenge the dominant Google Play Store in mobile app distribution.

IOC acquires Mercator Petroleum for Rs 148 crore

MPL has an onland oil and gas exploration block located in Cambay Basin, Gujarat. The block CB-ONN-2005/9, which the company had won in 7th NELP bid round in 2008, has potential oil discovery of 45.5 million barrels of inplace reserves.

Why online gaming companies are engulfed by a sinking feeling despite the Cricket World Cup fever

Just not retrospective taxation which is before the Supreme Court now, the fragmented online gaming industry is seriously missing a central self-regulatory body as envisaged by MeitY

MPL to lay off 350 employees after 28% GST on real-money gaming

The new GST rules will increase the company's tax burden by as much as 350 percent-400 percent, MPL co-founders Sai Srinivas and Shubh Malhotra told employees in an email

Delhi HC rejects Dream Sports-backed Rario's plea against MPL & Striker on NFT gaming

Rario had filed a petition in Delhi HC against MPL and Striker, alleging that the startup's player caricatures and identifiers, such as player names and surnames, infringe on its personality rights.

Draft gaming rules: Dream Sports, MPL, Games24x7, others write to MeitY against IAMAI's view

India's top gaming firms say they were not consulted by IAMAI despite being members of its gaming committee while issuing its statement on the country's draft gaming rules

Byju's wants to terminate jersey sponsorship deal with BCCI, kit sponsor MPL also wants to exit

In June, Byju's had extended its jersey sponsorship agreement with the Board until November 2023 for an estimated USD 35 million.

MPL to give Rs 10 lakh to security researchers under Bug Bounty programme

The programme is open to researchers globally and reports that address valid security vulnerabilities, which are within the scope of the programme, will be eligible for the rewards and recognitions, the company said in a statement.

Mobile Premier League to offer up to Rs 10 lakh in new bug bounty programme

Security researchers can report any possibility of fraud that can give a player an unfair advantage through this programme

Exclusive | MPL backs a Web3 venture started by two employees

Striker allows users to collect and trade digital player cards on the marketplace. It also enables them to create teams from these cards and participate in fantasy contests.

More than 12,000 Indian startup employees lost their jobs in 2022: Report

As startups in India keep sacking their employees to navigate through the "funding winter", the country is expected to witness more than 60,000 job losses in 2022 alone.

Mayhem Studios first game title Underworld Gang Wars crosses two million pre-registrations

Mobile Premier League had launched Mayhem Studios last month to develop 'AAA mobile games' for domestic and global markets

Winzo files a lawsuit against MPL over alleged copyright infringement

WinZo claims that MPL has copied the format of its game format 'World War' with an identical name.

Bits to Billions: MPL wants to put India on the global gaming map. Meet its founders Sai Srinivas & Shubh Malhotra

India is currently the largest market for game downloads across the world with over 840 million installs. This has triggered a boom that helped startups like Mobile Premier League or MPL. Founded by Sai Srinivas and Shubh Malhotra in 2018, it joined India's startup unicorn club in September last year, with its valuation zooming to $2.3 billion and counts Virat Kohli as an investor and brand ambassador. The Bengaluru-based unicorn’s platform hosts virtual tournaments across more than 70 games and claims to have over 85 million users across India, Indonesia, and the United States. Sai Srinivas, a second-time entrepreneur tells Moneycontrol's Chandra R Srikanth that he aims to make MPL the underlying platform for people to play competitive tournaments in any game, with ambitions to also design world-class games from India.

Exclusive | Mobile Premier League to lay off 100 employees, exits Indonesia market

Mobile gaming segment was one of the big beneficiaries of the COVID-19 pandemic that forced people to stay indoors. which resulted in a massive surge in mobile game downloads and user engagement.

MPL's Mayhem Studios unveils its first gaming title Underworld Gang Wars

The game title, which is set in India, is expected to launch later this year with pre-registrations kicking off from May 22.