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[FUNDING NEWS] India-Based MPL has Raised Undisclosed Amount in Funding

The MPL (Mobile Premier League) has established Mayhem Studios, a mobile game production studio, with an undisclosed investment from Lumikai. Investors such as Peak XV Partners (formerly Sequoia India), Steadview Capital, Moore Strategic, Hashed Emergent, Base Partners, and Truecaller support the platform.

In April of last year, Mayhem Studios had previously received $20 million in a Series A round that was co-led by its current investors.

The funds will be used to grow the team of developers, speed up game production, scale operations, and improve technological capabilities. According to a press release from Mayhem Studios.

Mayhem Studios, a gaming platform founded by Ojas Vipat in 2022, is presently working on its main project, AAA battle royale game Underworld Gang Wars (UGW). Indian culture and aesthetics are included into UGW’s gameplay.

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The game offers players a new and immersive experience with its renowned Indian landscapes, unique characters, and culturally relevant components.

The Bengaluru-based startup states that it has 7.5 million registrations on its platform and that it completed the game’s closed beta in May of this year. It is currently preparing for an open beta. Some noteworthy startups in this field include Playmotion, Moon Frog, Zynga, Ubisoft, and Playsimple.

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Invested in interactive media and gaming, Lumikai has supported a number of well-known companies, including Bombay Play, Elo Elo, All Star Games, Supernova, Autovrse, and Vobble.

About MPL

Mobile Premier League (MPL), the world’s largest mobile eSports platform, offers free and paid competitions in 60+ fantasy sports, sports games, puzzle, casual, and board games.

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