Kenyan re-commerce startup Badili has successfully raised US$400,000 in debt funding from Proparco, a French development organization focused on fostering private investment in developing nations. Established in 2021, Badili has rapidly made its mark in the East African market, with operations in Kenya, Tanzania, and Uganda. The company is dedicated to the aggregation, repair, and resale of used or damaged mobile phones, providing a sustainable solution for consumers in the region.
By leveraging major e-commerce platforms, local trade partners, and mobile network operators (MNOs), Badili effectively reintroduces these refurbished devices back into the market. The platform is designed to provide consumers with access to high-quality smartphones from leading brands. By utilizing local refurbishment processes, Badili is able to offer these devices at significantly lower prices compared to new models, all while maintaining a commitment to quality.
The recent funding of US$400,000, obtained through Proparco’s Bridge by Digital Africa facility, will bolster Badili’s efforts to expand its range of refurbished smartphones. This initiative not only aims to reduce electronic waste but also seeks to make technology more accessible and affordable for consumers. The financing is expected to enhance smartphone accessibility, improve connectivity across the region, and promote sustainable practices in Kenya.
Rishabh Lawania, the founder and CEO of Badili, expressed his enthusiasm about the partnership with Proparco, stating;
Receiving validation and trust from Proparco is a significant morale boost for our team as we strive to build a sustainable company that enables Africans to own smartphones at a fraction of the cost of new devices. As we transition into a phase of profitability and look to expand into other regions across Africa, it is a great pleasure to welcome one of the most progressive and supportive development finance institutions in the world as a part of Badili’s billion-dollar journey.
