L&L Partners represent Sequoia Capital in the Series C Funding
Mobile Premier League (MPL) – an e-sports and mobile gaming platform, has raised USD 90 million in Series ''C'' funding, led by SIG and early-stage tech investor RTP Global, along with MDI Ventures and Pegasus Tech Ventures. Existing investors Sequoia India, Go-Ventures, and Base Partners also participated in the round.
This capital will be used to further accelerate MPL's position in the gaming market, expand its product offering, and grow its team and also product development with a focus on social functions such as live streaming, and audio and video content features. With this, MPL intends to capitalise on the rapidly growing online gaming trend and become the world's largest gaming, eSports, and content platform.
L&L Partners advised Sequoia Capital in the Series C Funding Round of MPL with participation of SIG, Go Ventures, RTP Global, and MDI Ventures. The firm carried out a diligence of MPL as well as advised Sequoia Capital on the transaction, including on negotiation and finalization of the transaction documents. The current rounding has valued MPL at USD 450 million.
The Transaction Team comprised of Sundeep Dudeja (Partner), Vaibhav Kakkar (Partner), Snigdhaneel Sathpathy (Partner), Rishabh Shah (Senior Associate), Ritvika Thakur (Associate).
The Diligence Team comprised of Arjun Rajgopal (Partner), Snigdhaneel Sathpathy (Partner), Akshaya Iyer (Managing Associate), Rishabh Shah (Senior Associate) and Associates- Abhilasha Gupta, Aparajita Singh, Himanshu Pabreja, Sanchita Kumari.
Gayatri Roy (Partner) and Associates Shivangi Narang, Arpita Sengupta and Tulika Pandey assisted in the diligence process from an IP perspective.