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MPL to give pink slips to 60% of India employees

EntrackrEntrackr · 1d ago
MPL to give pink slips to 60% of India employees
Medial

Snippets MPL to give pink slips to 60% of India employees Gaming company Mobile Premier League (MPL) is set to give pink slips to 60% of its India workforce following the ban on online real money games (RMG). According to a Reuters report, MPL cofounder Sai Srinivas Kiran, in an internal mail, informed the staff that the startup will be downsizing its workforce in India significantly. “We are committed to providing those impacted with every possible support during this transition period. India accounted for 50% of M-League’s revenues and this change would mean that we would no longer be making any revenue from India in the near future,” Srinivas wrote in the email. As per a Moneycontrol report, MPL has around 500 to 600 employees in India. Mobile Premier League operates an online gaming platform offering categories such as fantasy sports, adventure, action, and others. The firm was also engaged in the sale of sporting merchandise, however, it ceased the vertical during the year ended March 2023 (FY23). Geographically, India remains the largest market for MPL contributing 69% to the total revenue followed by Europe, the United States of America, and Nigeria with 27.9%, 2.6%, and 0.5%, respectively in FY24. Importantly, MPL didn’t generate any revenue in Singapore during the last fiscal year which formed 3.5% of the total revenue in FY23. This comes weeks after President Droupadi Murmu gave her assent to the Promotion and Regulation of Online Gaming Bill, 2025 which bans real money gaming platforms in the country.

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