Angel Investments
IPV, Venture Catalysts participate in $2.1 M round for African used cell phone marketplace Badili
Nairobi, Kenya-headquartered “ReCommerce†startup Badili that buys and sells used smartphones, has raised a pre-seed round of USD 2.1 million from V&R Africa, Venture Catalysts, Inflection Point Ventures, Grenfell holdings, Uncovered Fund Japan, SOSV, and a dozen family offices from Kenya, Nigeria, South Africa and India. The round was led by IPV marking Badili its maiden investment in Africa. The funds raised will be used for expanding the company across markets in Africa as well as for the working capital, marketing, operations and repairing labs & admininstration. Launched in March 2022 by serial entrepreneurs Rishabh Lawania and Keshu Dubey, Badili has expanded in Kenya, Uganda and Tanzania. Badili buys pre-owned phones and sells refurbished smartphones that are tagged "as good as new, for half the price" and come with a 12-month warranty.
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