# MPL raises $500,000 from its Employee Investment Plan | Tech News (HT Tech) > Under the plan, all MPL employees were eligible to invest between $2,300 and $23,000 in the company and acquire stock. Over 10% employees participated in the plan. # MPL raises $500,000 from its Employee Investment Plan ## Under the plan, all MPL employees were eligible to invest between $2,300 and $23,000 in the company and acquire stock. Over 10% employees participated in the plan. Aug 21 2022, 14:31 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![MPL says the plan enables existing MPL employees to become shareholders](https://images.hindustantimes.com/tech/img/2021/01/28/1600x900/MPL_Logo-04_1605602724993_1605602735862_1611822632981.jpg) MPL says the plan enables existing MPL employees to become shareholders (MPL) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By HT TECH Mobile Premier League (MPL) on Thursday announced that it had raised $500,000 from its existing employees through its Employee Investment Plan. The e-sports and mobile gaming company had launched the Employee Investment Plan last month. Under the plan, all MPL employees could invest between $2,300 and $23,000 in the company and acquire stock. MPL said more than 10% of its employees participated in the scheme, helping it raise about $500,000. The plan had come weeks after its ESOP buyback plan worth $3.2 million during its Series C funding round, which saw it raise $90 million from SIG, RTP Global, MDI, Sequoia India, and others. MPL promised to launch similar programmes for its employees in the near future. Also read click here. “This initiative was introduced so that our most valuable asset, our employees, get an opportunity to own part of MPL and participate in the company’s success. We are privileged to work with people who have invested in the company’s future. This underlines the trust they have in MPL and MPL’s faith in its people,” said Joe Wadakethalakal, SVP, Corporate Development and Investor Relations, MPL. ALSO READ: Google backs Indian courier startup Dunzo in $40 million fundraising MPL was founded in September 2018 by Sai Srinivas Kiran G and Shubham Malhotra. The Bengaluru-based firm offers an e-sports platform across categories. It has over 3.5 million users and has extended services in markets such as Indonesia. The company has raised $130.5 million so far in different rounds of funding. Back in September last year, it raised $90 million in funding led by SIG and early-stage tech investor RTP Global, along with MDI Ventures and Pegasus Tech Ventures. Existing investors Sequoia India, Go-Ventures, and Base Partners also participated in the Series C funding. Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. 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