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Press Release: Renew Capital Angels Invest in Kenyan Smartphone Recommerce Startup, Badili
By Antony Maina | Tue Mar 07 2023
Badili and Renew Capital Angels partner to enhance the African recommerce experience
Nairobi, Kenya, March 7, 2023 — The number of smartphone connections in sub-Saharan Africa is expected to rise to nearly 700 million by 2025 but even then the adoption rate still remains at modest levels across the continent.
Kenya-based startup Badili is on a mission to change this and put a smartphone in the hands of every African through its recommerce platform.
“We are providing an alternative platform where people can buy used and refurbished smartphones safely and affordably,” says Badili’s CEO Rishabh Lawania. “Most of our devices cost less than half their original price, and all come with a 12-month warranty.”
Badili was founded in 2021 by Rishabh Lawania and Keshu Dubey with the aim of providing a credible platform for buying and selling pre-owned smartphones in Kenya. Lawania saw a need for the platform after a colleague was arrested after buying a stolen phone.
To safeguard buyers, Badili requires its sellers to provide ID and headshots and to sign an affidavit stating that they are the rightful owners of the devices. This system provides extra protection for buyers and helps to ensure the authenticity of the products.
"We are thrilled to have Renew Capital Angels as partners in our journey to create a better recommerce experience for everyone in Africa. We want to make it easy, safe and affordable for people to buy and sell pre-owned devices. This investment will help take us one step closer to achieving that goal," Lawania says.
“Badili is on a mission to create a standardized and affordable parallel economy for consumer electronics across Africa,” says Esther Mwikali, Renew Capital Investment and Project Manager. “Renew Capital Angels are proud to help support this journey.”
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Renew Capital is an Africa-focused impact investment firm that backs innovative companies with high-growth potential. Renew Capital manages investments made on behalf of the Renew Capital Angels, a global network of angel investors, foundations and family offices who seek financial returns and sustainable social impact. For the latest on investing in Africa, subscribe and follow us at our social links below.
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