NagaEd Becomes the First Company from Nagaland to Procure FDI

A local digital education company from Nagaland has created history by becoming the first company to attract foreign direct investment (FDI) in the state. NagaEd, a local digital education company, has got foreign investments from companies in Australia and Singapore along with domestic companies.

The company, founded by Kevisato Sanyü and Shiroi Lily Shaiza, was started with the purpose of uplifting the quality of education in tribal and indigenous communities through training courses and digital learning management systems that will be implemented in local schools.

“NagaEd is demonstrating North-East companies are investment-ready with robust business models and the growth potential international investors are looking for,” said Kevisato Sanyü.

“Our breakthrough in overcoming stringent compliance and regulatory requirements set by the Reserve Bank of India (RBI) is creating a clearing for other North-East companies to pursue global investment opportunities,” he added.

He stressed the importance of digital education in today’s world and the role modern technology can play in the academic development of the next generation. He sees the opportunity for students to jump into the 4^th industrial revolution.

Kevisato said that the investment received would be used for training and development of teachers, community advocacy, and research and development of technology.

“NagaEd has pulled off a surprise by being the first to bring in FDI into Nagaland. This bunch of young people are indeed dynamic and enterprising,” said Alemtemshi Jamir, CEO, Investment & Development Authority of Nagaland (IDAN).

The startup is also a part of national and international programs that support the growth of startups such as Amazon Web Services (AWS) Ed-Start Accelerator, Alsisar Impact Incubation program and IAspire-India Accelerator’s first all-women technology accelerator program.

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