In mid-September, Mobile Premier League (MPL) became India’s second gaming unicorn, raising funds from investors led by Legatum Capital at a valuation of USD2.3 billion. A few weeks later, even as investors were celebrating the phenomenal growth of the three-year-old startup, Karnataka banned the country’s first gaming unicorn, Dream11, for ‘promoting gambling’.Clearly, a cat-and-mouse game is underway in one of India’s fastest-growing
( Originally published on Oct 26, 2021 )
