Indian esports and mobile gaming platform Mobile Premier League (MPL) announced yesterday that it has raised $500,000 (£364,200) as part of its Employee Investment Plan.
MPL launched the investment plan, which allows employees to become shareholders of the company, in December last year.
Existing employees could acquire stock in MPL by investing anywhere between $2,300 (£1,675) and $23,000 (£16,754). According to the release, over 10 per cent of MPL employees participated in the plan.
Joe Wadakethalakal, SVP, Corporate Development and Investor Relations at MPL commented: “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.