E-sports and mobile gaming platform Mobile Premier League (MPL) announced that it has raised $500,000 (about Rs 3.65 crore) from existing employees as part of its Employee Investment Plan. The Employee Investment Plan, which was announced in December 2020, was open to all employees of MPL. They could invest anywhere between $2,300 and $23,000 in the company to acquire stock.

"Over 10 percent of MPL employees participated in this plan, with the total amount raised at $500,000," according to the statement. In September 2020, the company had announced an ESOP buyback plan worth $3.2 million during its Series C funding round that had seen the company raise $90 million from SIG, RTP Global, MDI, Sequoia India, and others.

Leave a Reply

Your email address will not be published. Required fields are marked *