Procurement-tech firm 1Buy.ai raises Rs 32-Cr  in seed round led by 100Unicorns

1Buy.AI, a Procurement and cost-reduction platform, has raised Rs 32.5 crore in its first institutional funding round led by 100 Unicorns.

The round also saw participation from Nikhil Kamath’s Gruhas and equity market investor Ashish Kacholia.

The new funds will be used to speed up the development of compliant, scalable SaaS platforms and to expand global data infrastructure.

Read also- Vimag Labs raises $5 million funding led by Accel

Dr. Apoorva Ranjan Sharma, Co-Founder of 100Unicorns, said, “1Buy.AI exemplifies the kind of deep tech-first, globally ambitious companies that define the next wave of enterprise innovation. 100 Unicorns Fund II is focused on founders who are solving large, complex enterprise problems using proprietary technology, data moats and scalable execution—not point solutions. 1Buy is rearchitecting electronics procurement with an AI-native platform that combines intelligence with execution, making it globally relevant across supply chains.”

The company is developing a tech platform to help electronics manufacturers improve procurement efficiency and manage their vendor networks more effectively.

About 1Buy.AI

Founded in 2023 by  Nitin Jain, Visham Sikand, and Pradeep Paliwal, Delhi-based 1Buy.AI is an AI-powered platform that helps electronics companies cut procurement costs, manage supply-chain risks, source smartly, and sell excess inventory. It combines data intelligence, sourcing execution, and liquidation workflows into a single, actionable system.

Sikand, who initially founded 1Buy.ai, previously sold his data analytics firm Goals101 to M2P Fintech for about $30 million in 2023. Jain joined as a cofounder after exiting OfBusiness last November. The startup’s third cofounder is Pradeep Paliwal, former executive at EbixCash and RateGain, who serves as the chief technology officer.

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1Buy.ai runs three platforms that help OEMs cut procurement costs, track global supply chain risks like tariffs and environmental disruptions, and monitor lifecycle risks of electronic components.

The company currently serves around 15 clients in India across the automobile and consumer electronics sectors and is in talks with potential customers in the US and Israel.

With clients sourcing components worth nearly ₹4,500 crore annually, 1Buy.ai plans to scale operations. Jain noted that India’s electronics manufacturing sector, valued at about $150 billion, is growing fast, offering significant opportunities for the startup.  

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