Go-Ventures is in Talk to Invest $30 Million for Mobile Premier League, India's Esports Platform Developer

Go-Ventures, Go-Jek's investment company, is reportedly to pour another investment soon. It's now for India's esports platform developer Mobile Premier League (MPL). According to the local publication, it's worth up to $30 million (over 431 billion rupiah) and put MPL valuation to $150 million.

MPL has previously received Series A funding from Sequoia Capital, a Go-Jek investor. Go-Jek has also acquired four Indian developers and built R&D office in Bangalore.

Gojek supporting esports

According to Google-KPMG, India esports market has reached $290 million and will be increased to $1 billion in 2022. Meanwhile, according to the data collected by Statista, the mobile game market in Indonesia will reach $571 million this year. It means the gaming market in both countries have great potential.

In Indonesia, Gojek particularly provides sponsorship for Evos, one of the successful esports teams in Indonesia consists of Hartman Harris and friends. Evos, also supported by Traveloka, has established a new team in Vietnam and Thailand, and formed a creative team for publicity. It proves the esports sector is a big deal.

In addition, through its business unit Go-Live, Gojek starts holding esports event in Jakarta. Even though there's no further detail regarding its activities, Go-Live's main focus is to handle esports industry and live event experience.

In the company blog, Rudolph Karundeng as Go-Live's Head of e-Gaming said that Go-Live is an effort from Gojek to grasp e-sports potential in Indonesia. From various research results that he collected, Indonesia has 43.7 million gamers as of last year.

– Original article is in Indonesian, translated by Kristin Siagian