Artha India Ventures invests in African Startup Badili

Artha India Ventures (AIV), the family office of Ashok Kumar Damani, has announced a pre-Seed investment in Badili, a Kenya-based online buy-back platform for smartphones. Other investors such as Rajesh Sawhney, Ritesh Malik, SOSV, Uncovered Fund and Grenfell Holdings also participated in the funding round. Badili is a re-commerce startup for old mobile phones. The company buys phones from a user, refurbishes and sells them to the consumers looking for a cheaper alternative to a new phone with equivalent features.