techwithmuchiri
  • Home
  • Reviews
  • Smartphones
    • Android
    • Apple
  • How-To
  • Tech News
  • Tech Explained
  • Startups
  • Opinions
  • Entertainment
No Result
View All Result
  • Home
  • Reviews
  • Smartphones
    • Android
    • Apple
  • How-To
  • Tech News
  • Tech Explained
  • Startups
  • Opinions
  • Entertainment
No Result
View All Result
techwithmuchiri
Home Tech News

Badili, A Smartphone Re-commerce Startup Raises $2.1M Pre-seed Funding

Muchiri by Muchiri
December 1, 2022
in Tech News
0
Badili, A Smartphone Re-commerce Startup Raises $2.1M Pre-seed Funding
Share on FacebookShare on Twitter

Badili, a Kenyan based start-up that buys and sells used smartphones has raised $2.1 million pre-seed funding to scale its operations within Africa.

The Venture Catalysts, V&R Africa, Grenfell holdings, and SOSV, participated in the round, as did family offices and angel investors from Kenya, Nigeria, South Africa and India.

Badili carries out trade-ins and buybacks on behalf of major OEMs and phone dealers, and has so far, signed partnerships with key brands like Samsung. It buys devices from individuals too.

Badili
Source: Badili

According to the latest research study by the Custom Markets Insights, the demand for global refurbished and used smartphones market size & share was valued at approximately USD 52.34 Billion in 2021.

And is expected to reach a value of around USD 146.43 Billion by 2030, at a compound annual growth rate (CAGR) of about 11.45% during the forecast period 2022 to 2030.

Badili plans to explore new growth opportunities in West Africa, where it hopes to tap an increasing demand for affordable second-hand smartphones.


Short on time?

  • Also Read: Safaricom Bonga Points Smartphones You Can Get In 2022
  • How Badili Works

Also Read: Safaricom Bonga Points Smartphones You Can Get In 2022


They’ll also be scaling their operations in Kenya, Uganda and Tanzania.

“We are launching in Uganda and Tanzania and have established strong partnerships with original equipment manufacturers (OEMs). Within the next six months, we will be expanding to a few West African markets to get our foot in the door of some of the major markets in Africa,” said Rishabh Lawania (CEO), who co-founded the startup with Keshu Dubey (CTO) early this year.

According to Lawania, 60% of Badili customers are individuals upgrading from a feature phone to a smartphone, adding that devices sold by the startup cost less than half their original prices.

“We are providing an alternative to people who don’t want to pay full price for a device, and I am more excited about the fact that we are able to help a lot of consumers buy their first smartphone,” said Lawania.

How Badili Works

Badili buys the phones through its platform and network of shops and agents spread across the country.

It then uses its price estimation algorithm, that takes into account various factors including the age of the phone and model to calculate the value of the phone.

The phones are then revamped, repackaged and resold with one year warranty.

If you want to sell your smartphone via the platform, you’ll have to provide your ID, a mugshot and sign an affidavit stating that you are the rightful owner of the device. The also have a system in place to flag off frequent sellers.

Lawania also said that they are currently setting up and scaling technology systems, partnerships and networks needed to build Africa’s most trusted and biggest consumer electronics re-commerce marketplace.

Join us on Telegram
Previous Post

How To Disable Message Reaction Notifications On WhatsApp

Next Post

Using Your WhatsApp Account On Your Android Tablet Now Possible

Muchiri

Muchiri

Muchiri is a passionate tech enthusiast and the founder and chief editor of Tech With Muchiri. With a deep love for all things tech, Muchiri dedicates their time to writing informative and engaging tech blogs. Their expertise lies in exploring the latest technological advancements, dissecting complex concepts, and presenting them in a user-friendly manner. When not crafting tech articles, you can often find Muchiri building networks and tinkering with various tech gadgets. With a hands-on approach to technology, they enjoy experimenting and finding practical solutions to everyday challenges.

Next Post
WhatsApp Logo Icon

Using Your WhatsApp Account On Your Android Tablet Now Possible

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TechSpot Africa – The Podcast

TechSpot Africa
TechSpot Africa

Listen to the latest insights in the tech space on the TechSpot Africa Podcast, hosted by Nigel Jr. from tech-space.africa and Antony Muchiri of techwithmuchiri.com. Stay ahead in the tech game, tune in now! Subscribe and share!

Listen OnSpotify
Exploring why Samsung S23 Series sales skyrocketing, the upper-budget smartphone influx, and triple folding Samsung tablet rumors.
byTechspot Africa

think twice

Exploring why Samsung S23 Series sales skyrocketing, the upper-budget smartphone influx, and triple folding Samsung tablet rumors.
Exploring why Samsung S23 Series sales skyrocketing, the upper-budget smartphone influx, and triple folding Samsung tablet rumors.
April 11, 2023
Techspot Africa
EP3: Buying a Refurbished Flagship vs A New Midrange Smartphone and The Tecno Phantom V Fold Shocked us!
March 30, 2023
Techspot Africa
Kenyan Labour is Cheap, Twitter's 2FA Charge, Facebook's Paid Verification, OPPO Reno8 T Pricing, and More!
February 21, 2023
Techspot Africa
Google Bard is the ChatGPT Killer? Samsung S23 Pricing in Kenya is Weird and OPPO Reno8t First Impressions
February 7, 2023
Techspot Africa
Search Results placeholder

Recommended

WhatsApp logo

WhatsApp Statuses Now Look A Lot More Like Instagram Stories

March 30, 2023
The Galaxy Watch 6 could come with slimmer bezels

The Galaxy Watch 6 could come with slimmer bezels

April 7, 2023

Most Popular

Live Voicemail: My favorite iOS 17 feature
Apple

Live Voicemail: My favorite iOS 17 feature

June 6, 2023
Netflix
How To

How to transfer Netflix profiles before you’re charged extra

June 6, 2023
Apple-WWCD23-Vision-Pro-lifestyle-with-battery-FaceTime
Apple

The Apple Vision Pro fails to excite investors

June 6, 2023
  • About Us
  • Contact Us
  • Privacy Policy
Email us: [email protected]

© 2023 Tech With Muchiri

No Result
View All Result
  • Home
  • Reviews
  • Smartphones
    • Android
    • Apple
  • How-To
  • Tech News
  • Tech Explained
  • Startups
  • Opinions
  • Entertainment

© 2023 Tech With Muchiri

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT