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DIMAPUR — Ilandlo Services Pvt. Ltd., became the first official startup from Nagaland to raise money through the North East Venture Fund (NEVF) during the 28th NEDFi foundation day programme held on Wednesday.
An update from Educentre stated that NEVF would provide capital, mentorship, and resources to individuals or businesses looking to start or expand ventures in the Northeast. It also aims to promote economic growth, job creation, and innovation in the region.
It stated that the strategic investment marked a significant milestone in Ilandlo's journey towards revolutionising the logistic and indigenous landscape.
With the infusion of capital, it stated that Ilandlo aims to further enhance its innovative offerings, strengthen its market presence, and continue delivering unparalleled value to its clients, embracing its vision of empowering sustainable livelihood.
[bsa_pro_ad_space id=1]It mentioned that Ilandlo Services Pvt. Ltd., won the grand winner of the Startup Nagaland Award in 2022 under the leadership of its founders namely Lipokjungla Ozukum and Imtisunup Longchar.
The founder expressed that the infusion of capital would help them build better software, foster strategic partnerships, create more jobs and ultimately reshape the local products beyond Nagaland. They have further thanked NEDFI for its unwavering support.
They have also mentioned the role of Startup Nagaland, especially its incubator Educentre Schools of Business (ESB) for helping startups through their constant mentorship, guidance and fostering entrepreneurship spirit in Nagaland to inspire, innovate and grow.
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