India Dealbook: Mobile Premier league bags $5m; RB Investments backs Let’s Meat 

Woman using a mobile phone.

Digital gaming startup Mobile Premier League recently closed a $5 million Series A round of funding while RB Investments has invested a little over $1 million for a 28 per cent stake in Let’s Meat parent.

Mobile Premier League bags $5m

Digital gaming startup Mobile Premier League (MPL) recently closed a $5-million Series A round of funding, which saw participation from angel investors, TechCircle reported.

Operated by Galactus Funware Technology Pvt. Ltd, MPL started operations only two months ago. It runs an e-sports platform where users compete in live tournaments for skill-based mobile games to win money.

MPL, which recently went live on Android’s Play Store, will use the funding proceeds to expand operations and build its product, the report added.

RB Investments backs Let’s Meat

Singapore-based boutique venture fund RB Investments has invested a little over $1 million for a 28 per cent stake in Jaipur-based meat retail chain operator A&R Bon Vivants Pvt. Ltd, VCCircle reported.

A&R Bon Vivants runs a chain of stores under the brand name Let’s Meat, offering fresh raw mutton, poultry, seafood, and turkey besides ready-to-cook and ready-to-eat delicacies.

The company currently operates four stores in Jaipur and one each in Delhi, Noida, Gurugram and Faridabad.

Also Read:

India Dealbook: NIRA, GamingMonk, Turms raise funds; AuthBridge buys Footprints

Singapore’s ONE Championship, partners to invest $50m in eSports venture