Badili, a re-commerce startup specializing in refurbished smartphones, has raised $400,000 in debt from Proparco. The debt was supported by Digital Africa and deployed by Proparco.
Badili plans to use the funding to improve access to smartphones, improve connectivity, and promote sustainability in Kenya.
“Getting validation and trust from PROPARCO is a great boost to the morale of the team that is building a sustainable company that enables Africans to own smartphones for a fraction of the cost of a new one. As we enter into the phase of profitability and expansion into other regions across Africa; it’s a great pleasure to welcome one of the most progressive and supportive DFI in the world as a part of Badili’s billion dollar journey,” said Rishabh Lawania, Founder and CEO at Badili.
What Badili Does
If you haven’t heard of Badili, it allows individuals to repurpose electronic devices they are not using anymore. The devices are then refurbished and sold to others thus reducing their environmental impact.
This process addresses key challenges such as reducing electronic waste, conserving natural resources and improving digital inclusion for marginalised communities. Increased smartphone ownership also helps foster local economic resilience, offering more people access to essential online services such as mobile payments, education platforms, and telemedicine.
“Badili’s initiative to refurbishing smartphones locally in Kenya is a game-changer. This project not only promotes economic resilience but also underscores the importance of sustainability in today’s digital economy. Proparco is proud to support a venture that directly aligns with our objectives of fostering environmental responsibility, economic opportunity, and social inclusion in Africa,” said Fabrice Perez, head of the Venture Capital Division at Proparco.
Also Read: Kenyan E-Commerce Startup Kapu Secures Pre-Series A Funding to Scale Operations Across Africa
