
Badili
Africa's First and Most Trusted ReCommerce Platform.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
investor investor investor investor | €0.0 | round | |
investor investor investor | €0.0 | round | |
investor investor investor investor | €0.0 | round | |
investor investor investor | €0.0 | round | |
* | $400k | Debt | |
Total Funding | 000k |
USD | 2022 | 2023 |
---|---|---|
Revenues | 0000 | 0000 |
% growth | - | 130 % |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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In 2021, Rishabh Lawania and Keshu Dubey founded Badili with a vision to transform the smartphone market in Africa. Recognizing the potential in re-commerce, they set out to refurbish and resell pre-owned smartphones, making technology more accessible and sustainable across the continent.
Badili quickly gained traction by addressing a significant gap in the market—affordable and reliable smartphones. Their model not only provided consumers with cost-effective options but also contributed to environmental sustainability by reducing electronic waste.
In a significant milestone, Badili raised $2.1 million in a pre-seed funding round in 2023, attracting investors like V&R Africa and Inflection Point Ventures. This funding was pivotal in expanding their operations across Eastern and Western Africa, enhancing their market presence and operational capabilities.
By 2024, Badili secured additional funding led by E3 Capital, which further fueled their expansion plans. This strategic investment allowed them to scale their operations and solidify their position as a leader in Africa's re-commerce sector.
Today, Badili stands as a testament to innovation and sustainability in the tech industry, continuing to bridge the digital divide in Africa while promoting a circular economy.