Startup Atlas · Esports

Mobile Premier League (MPL) Unicorn

M-League Pte. Ltd. ● Bengaluru, Karnataka ● Founded 2018 ● mpl.live ↗
Sai Srinivas Kiran Garimella · Co-Founder & CEO Shubham Malhotra · Co-Founder
$370.5 MnTotal funding (tracked)
4Funding rounds
15 Sep 2021Last round
435Team size (sourced)

Mobile Premier League (MPL): Financial Breakdown

Figures below are FY25, consolidated basis, compiled from filings and disclosures — every year cited to its source.

Revenue from operations Rs 1,423 crore ($166.7 million), 30%+ YoY growthTotal revenue · +34.6% YoY
Total expenses of $166.2 million (Rs 1,419 crore)Total expenses
Positive EBITDA margin of 2.45% (no absolute dollar EBITDA figure disclosed by the source)EBITDA
Net PROFIT of Rs 36.5 crore (~$4.2 million) -- turnaround from FY24's net lossNet profit · swung to a profit (was a loss)

Revenue by fiscal year

050100150200$M$64.1 million operating revenue (cited as the FY22 comparator in Inc42's FY23 report): $64.1M64FY22$104.6 million operating revenue, +63% YoY: $104.6M105FY23Revenue from operations Rs 1,068 crore ($127.9 million), +22% YoY; total revenue incl. other income Rs 1,085.17 crore (~$130 million): $127.9M128FY24Revenue from operations Rs 1,423 crore ($166.7 million), 30%+ YoY growth: $168.5M169FY25

Net profit / loss by fiscal year

-200-150-100-50050$MConsolidated net loss of $194.47 million: $-194.5M-195FY22Consolidated net loss of $37.04 million, down 81% YoY: $-37M-37FY23Net loss of Rs 374.9 crore (~$44.9 million); an adjusted loss of ~Rs 282 crore excluding fair-value loss on financial instruments: $-44.9M-45FY24Net PROFIT of Rs 36.5 crore (~$4.2 million) -- turnaround from FY24's net loss: $4.2M4.2FY25

Bars below the line are a net loss for that year.

Fiscal year Revenue Total expenses EBITDA Net profit / loss Source
FY25 Revenue from operations Rs 1,423 crore ($166.7 million), 30%+ YoY growth Total expenses of $166.2 million (Rs 1,419 crore) Positive EBITDA margin of 2.45% (no absolute dollar EBITDA figure disclosed by the source) Net PROFIT of Rs 36.5 crore (~$4.2 million) -- turnaround from FY24's net loss source
FY24 Revenue from operations Rs 1,068 crore ($127.9 million), +22% YoY; total revenue incl. other income Rs 1,085.17 crore (~$130 million) Total expenses of Rs 1,393.2 crore Adjusted EBITDA of $0.2 million (near-breakeven), vs. adjusted EBITDA loss of $44.7 million in FY23; separately, Entrackr cites an (unadjusted) EBITDA margin of -21.39% Net loss of Rs 374.9 crore (~$44.9 million); an adjusted loss of ~Rs 282 crore excluding fair-value loss on financial instruments source
FY23 $104.6 million operating revenue, +63% YoY — Adjusted EBITDA loss of $44.7 million (cited as the FY23 comparator in Inc42's FY24 report) Consolidated net loss of $37.04 million, down 81% YoY source
FY22 $64.1 million operating revenue (cited as the FY22 comparator in Inc42's FY23 report) — Not separately disclosed for FY22 in the sourced article Consolidated net loss of $194.47 million source

Nothing here is blurred or gated — every figure Atlas has is shown in full, free.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: entrackr.com lapaasvoice.com · Last verified 9 Sep 2026. · Report a correction