MPL sets up ₹37 crore fund for Indian game developers, studios
MPL also announced ₹10 crore in revenue for 10 of its game developer partners in a year, from November 2019 to October 2020.
Mobile Premier League on Tuesday announced setting up a ₹37 crore fund for Indian game developers and studios. The fund is aimed at encouraging developers to build games for Indian and global audiences.
MPL said that the fund is open to all Indian game developers and studios. The company added that it will soon introduce a single-window online console for game developers to help apply for the fund as well as submit their games to MPL for screening and publishing.
The e-sports and mobile gaming platform further announced ₹10 crore in revenue for 10 of its game developer partners in a year, from November 2019 to October 2020. The platform allows game devs and studios to publish their games on MPL through a revenue-sharing agreement. The setup allows developers to monetise their games through MPL’s cash tournaments and contests.
Some of the top gaming developers on MPL are Hyderabad-based Yesgnome (Cricket Clash), Qunami (quiz game), and BornMonkie (AutoRaja).
“MPL’s unique platform model offers game developers the chance to monetise right from day 1 of publishing. We are privileged to have partnered with talented game developers from all over the country and are glad that our platform helped them monetise their games. We at MPL recognise the tremendous potential that the Indian game developer ecosystem has and thus, have announced a ₹37-crore fund that game developers can use to build their offerings,” said Shubh Malhotra, Co-founder, Mobile Premier League.
Separately, The Board of Control for Cricket in India (BCCI) today announced MPL Sports is the new kit sponsor and official merchandise partner for the Indian Cricket Team. BCCI has entered into a three-year agreement with MPL Sports with effect from November 2020. The partnership will formally begin with upcoming India’s tour of Australia, 2020-21