Funding Obtained by Kenyan Business Badili Amounting to US$400,000 for Second-hand Electronic Devices Restoration
Badili, a Kenyan re-commerce startup, has secured a US$400,000 debt facility from Proparco, a French development organization, to enhance smartphone accessibility and promote sustainability in Kenya and beyond. This partnership marks a significant step forward for Badili, a notable initiative within Africa's growing re-commerce ecosystem focused on refurbished electronics.
The re-commerce sector for refurbished electronics is rapidly expanding across Africa, driven by increasing digital adoption, urbanization, and rising consumer demand for affordable, quality products. Badili aims to provide high-quality, reliable, and affordable refurbished devices to consumers, thereby extending the lifecycle of electronics, reducing e-waste, and increasing digital inclusion on the continent.
Rishabh Lawania, founder and CEO of Badili, expressed enthusiasm about the partnership with Proparco. He stated that the partnership provides a great boost to the morale of the team building a sustainable company. Lawania also highlighted Badili's plans for profitability and expansion across Africa.
The funding underscores growing investor interest in Africa's re-commerce sector. Badili's approach aligns with growing environmental and economic trends favoring circular economy principles in Africa’s retail and e-commerce sectors, which are experiencing explosive growth particularly in countries like South Africa and Kenya.
In addition to its operations in Kenya, Badili also operates in Tanzania and Uganda, focusing on the refurbishment of used or damaged mobile phones. The service is available on WhatsApp, allowing users to receive updates directly on their mobile devices. The WhatsApp channel, accessible at this link, covers a wide range of topics, including Cairo, Cape Town, Lagos, and Nairobi. It aims to keep users informed about developments in the tech, startup, and venture capital sectors.
Moreover, Badili partners with major e-commerce platforms, local trade associates, and mobile network operators to ensure a wide reach and quality service. The service is likely to be of interest to individuals and organizations involved in these sectors in Africa, as well as those looking to invest in or do business in Africa's tech, startup, and venture capital sectors.
The initiative also contributes to reducing electronic waste in Kenya. By refurbishing and reintroducing devices into the market, Badili offers consumers access to premium smartphone brands at a lower cost, making it an attractive option for those seeking affordable technology solutions. The service is likely to help users stay ahead of the curve in these sectors in Africa.
Overall, Badili exemplifies the dynamic growth of the African re-commerce sector by combining technology, sustainability, and development finance to meet rising consumer demand for refurbished electronics amid rapidly expanding urban digital economies. The funding from Proparco aims to enhance smartphone accessibility, improve connectivity, and promote sustainability in Kenya and beyond.
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