E-sports provider raises $5 million in series A funding round

Galactus Funware Technology Pvt. Ltd sees a promising future for its digital skill gaming start-up, Mobile Premier League (MPL) following a series A funding round that raised $5 million from influential investors that included Sequoia Capital.

The funds have been earmarked for an expansion and improvement of the MPL app offering, which provides a mechanism for participating in a variety of real money tournaments with varying levels of skills, such as monster truck, space breaker, Sudoku, fruit chop and others.

Galactus founders Sai Srinivas Kiran Garimella and Shubham Malhotra claim that MPL is the largest real-money mobile eSports platform in the world, and that the app has already achieved more than a million downloads from the Google Play Store.

Plans are well advanced to full monetise the app, which currently permits social users to play with tokens without having to deposit real money entry fees

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