Mobile Premier League (MPL) Has Raised $500,000 Through Its Employee Inves

Mobile Premier League (MPL) announced that it has raised $500,000 through employee investments, allowing people who donated the money to become shareholders of the company. Indian esports and mobile gaming platform announced that roughly 10% of its employees were part of this plan.

Joe Wadakethalakal, SVP, Corporate Development and Investor Relations at MPL commented:

“This initiative was introduced so that our most valuable asset, our employees, get an opportunity to own part of MPL and participate in the company’s success. We are privileged to work with people who have invested in the company’s future. This underlines the trust they have in MPL, and MPL’s faith in its people.”

The company will expand this plan to its other offices in Bengaluru, Pune, Jakarta, and Singapore as well. Employees who invest a sum between $2,300 (£1,675) and $23,000 (£16,754) can acquire the company’s stocks. Mobile Premier League has recently acquired a large sum of money, by receiving the funding of $90 million (£70.4 million) from SIG, RTP Global, MDI, Sequoia India, and many other similar entities.

The company used this money to expand to Indonesia. Right now, Mobile Premier League features over 70 casual and hyper-casual games. MPL was also the official partner of World Cricket Championship 2 last year.

Source: https://esportsinsider.com/2021/01/mpl-employee-investment/