Fantasy gaming platform Mobile Premier League (MPL) is in advanced talks with Susquehanna International Group (SIG), a global trading firm based near Philadelphia, to lead its Series B funding round worth up to $60 million (about Rs 440 crore), three people aware of the details told Entrackr.
“SIG would lead the round while existing investors including Sequoia India, Times Internet and Go-Ventures (venture capital arm of Indonesian ride-hailing and payments firm Go-Jek) would also participate,” said one of the persons.
“MPL (run by Galactus Funware Technology Pvt. Ltd and a competitor of unicorn Dream11) will be valued in the range of $350-380 million (Rs 2,796 crore) by SIG,” said another person.
In April last year, MPL raised $35.5 million in its Series A round led by venture capital firm Sequoia Capital.
