Kenyan Re-commerce Startup Badili Secures Seed Funding From E3 Capital
Summary
Through a unique model, they recycle, repair, and resell high-quality devices from leading brands through notable e-commerce platforms, local partners, and even Mobile Network Operators (MNOs). By offering these refurbished phones at a fraction of the cost of new models, Badili makes top-tier technology accessible to a wider audience while extending the lifespan of devices and diverting them from landfills.The E3 Capital investment, facilitated by the E3 Low Carbon Economy Fund (E3 LCEF I), recognizes Badilis potential to make a significant impact on both the economy and the environment. Their focus on digital innovation and sustainability aligns perfectly with Badilis mission to offer affordable devices and reduce e-waste generation. E3 Capital estimates that Badilis refurbished phones generate 87% fewer CO2eq emissions compared to new models, highlighting the positive environmental impact of their business.The additional funding will allow Badili to accelerate its expansion plans across East Africa, strengthening its logistics network, optimizing its online platform, and forging strategic partnerships to solidify its regional footprint. This not only signifies financial growth for the startup but also translates to greater access to affordable, eco-friendly smartphones for East African consumers.