Tech

Kenyan re-commerce startup Badili secures seed funding from E3 Capital

Published

4 months ago

January 14, 2024

Kenyan reverse commerce
startup, Badili, has announced securing a substantial amount of seed funding from E3 Capital to help it expand into more markets across East Africa.

The reverse-commerce or “re-commerce”, platform for refurbished phones, is currently operating in Kenya, Tanzania, and Uganda, but plans to expand into other markets in the region, according to Rishabh Lawania, CEO and co-founder.

“We are proud to welcome E3 Capital, a seasoned African VC, as the lead investor in our latest seed round,” Lawania said.

“I am excited for the significant impact that this partnership will have on our business as well as the lives of thousands of aspirational African consumers who are looking to buy affordable and environmentally friendly electronics.”

Paras Patel, Managing Partner at E3 Capital, said supporting Badili aligned with E3’s ethos of fostering digital innovation while advocating for environmental sustainability.

“It’s noteworthy that refurbished phones reduce associated CO2eq emissions by 87 per cent compared to new models, underscoring the positive climate impact of Badili’s business.”

“In just a short period, we have been impressed by Badili’s ability to scale the business model in Kenya, Uganda and Tanzania, striking partnerships with key stakeholders in the ecosystem,” Patel said.

Founded in 2021, Badili aggregates, repairs, and reintroduces used or damaged mobile phones to the market through major e-commerce platforms, local trade partners and MNOs.

The platform provides consumers with access to top-tier smartphone brands, utilising local refurbishment to offer devices at a fraction of the price of new models without compromising quality.

Related Topics:Badili Featured Funding Kenya

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Tech

African Union, Google Africa launch campaign to celebrate creative economy

Published

6 hours ago

May 3, 2024

Akanimoh Etim

The African Union has entered a partnership with Google Africa aimed at celebrating the continent’s thriving creative economy which has “fueled innovation, create jobs, and economic growth across Africa.”

Addy Awofisayo, Head of Music for Sub-Saharan Africa, who announced the collaboration, said Google Africa, having recognized this potential, decided to team up with the African Union to launch the #DiscoverMyAfrica Shorts Challenge, a month-long campaign of the continent’s rich diversity, heritage, and vibrant spirit.

“In celebration of Africa Month, YouTube creators across Africa are invited to share short videos capturing their unique perspectives using the #DiscoverMyAfrica hashtag,” Awofisayo said.

“The challenge encourages them to showcase various facets of African life, from music and art to food, fashion, and local landmarks.

“It will be a curated playlist of African-inspired music on YouTube Music that will fuel inspiration and accompanies these creative expressions.

“This initiative goes beyond celebration. #DiscoverMyAfrica empowers African youth to share their stories and rich cultural heritage globally.

“By providing a platform for African voices, the challenge fosters cultural exchange and positions Africa as a hub of creative energy.

“It’s about unlocking the vibrant future of Africa’s creative landscape, aligning with the vision of a digitally-enabled Africa harnessing its cultural wealth for economic growth and social progress.

“YouTube is committed to supporting the diverse voices and talents that make up Africa’s creative landscape,” said Awofisayo.

He added that the “initiatives provide valuable resources and platforms for African filmmakers, musicians, and content creators to share their stories and connect with global audiences.”

The #DiscoverMyAfrica Challenge is part of the African Union’s collaborative effort in driving innovation through strategic partnership with Google, through the Office of the Youth Envoy, Make Africa Digital (MAD) initiative.

The MAD initiative is implemented under the African Union’s Digital Transformation Strategy 2020-2030 which envisions an “integrated and inclusive digital society and economy in Africa that improves the quality of life of Africa’s citizens.

Tech

Nigeria’s food delivery startup Chowdeck raises $2.5m to optimise operations

Published

1 day ago

May 2, 2024

Akanimoh Etim

Nigeria’s on-demand food delivery startup, Chowdeck, has announced securing the sum of $2.5 million in seed funding that will enable it optimise operations and support its expansion plans into more cities across the country.

Femi Aluko, the CEO and co-founder of Chowdeck who made the announcement on Thursday, said the funds which came from investors including Y Combinator, Goodwater Capital, FounderX Ventures, Hoaq Fund, Levare Ventures, True Culture Funds and Haleakala Ventures, will will enable the startup to double down on its market leadership in the cities they are already operating in as well as lay the groundwork for further expansion into other Nigerian cities.

“We know that Nigerians love good food, and we just want to make it as easy as possible for them to access the food they desire,” Aluko said.

“Chowdeck was birthed to fulfil this purpose and we are committed to delivering truly excellent experiences for our customers, vendors and riders.

“We are pleased with the success we have achieved to date and excited to have raised these funds that will enable us to replicate that success in more parts of Nigeria, and add value to our customers, vendors, and riders in as many ways as we can,” Aluko added.

Chowdeck which was launched in Lagos in October 2021, allows customers to order meals from a variety of restaurants and have them delivered to their doorstep within 30 minutes.

A participant in the Y Combinator accelerator in 2022, Chowdeck has acquired more than 500,000 users and more than 3,000 riders, serving eight Nigerian cities including Lagos, Abuja, Ibadan, Port-Harcourt, Ilorin, Benin City, Abeokuta and Asaba.