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Renew Capital Angels Invest in Kenyan Smartphone Recommerce Startup Badili
Renew Capital Angels Invest in Kenyan Smartphone Recommerce Startup Badili

Africa-focused early-stage investment firm Renew Capital invests an undisclosed amount in Kenya-based smartphone re-commerce platform Badili.

The number of smartphone connections in sub-Saharan Africa is expected to rise to nearly 700 million by 2025 but even then the adoption rate still remains at modest levels across the continent. Badili Africa is focused on streamlining the unorganised pre-owned smartphone market in Sub-Saharan Africa and putting a smartphone in the hands of every African through its recommerce platform. 

“Badili is on a mission to create a standardized and affordable parallel economy for consumer electronics across Africa,” says Esther Mwikali, Renew Capital Investment and Project Manager. “Renew Capital Angels are proud to help support this journey.”

Renew Capital’s mission is to be present across at least 27 countries in Africa by 2025. The investment firm focuses on empowering startups with a larger social impact and has mobilized more than USD 39 M. Their portfolio contains startups like Ethiopian technology startup Roadrunner, which builds B2B solutions for e-commerce and logistics. Renew Capital has also invested in an Ethiopia-based emergency care startup Tebita.