Zinit raises $8 million in seed round led by AltaIR Capital

AI-driven procurement platform Zinit has secured $8 million in a seed funding round, led by AltaIR Capital, valuing the company at $48 million.

The round also saw participation from DVC, early backers of leading AI companies such as Perplexity, who will advise Zinit on its AI strategy.

The funds will be used to develop new products and grow the company globally. As part of its international expansion, Zinit has hired Michel Boczko as the Regional Director for Latin America and Stan Moskovtsev (formerly with McKinsey) as the CEO for its US operations.

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Naveenn Suri, Regional Director for India at Zinit, said, “Indian enterprises are aggressively moving beyond basic digitization toward intelligent automation. CFOs and CPOs here are looking for immediate ROI and governance, not year-long implementation cycles. Zinit’s ability to automate supplier discovery and negotiation—while guaranteeing cost savings—resonates perfectly with the Indian market’s focus on efficiency and bottom-line impact. I look forward to scaling our operations here and helping more Indian businesses streamline their sourcing.”

Anton Buzdalin, Co-Founder and CEO of Zinit, said, “This new funding allows us to accelerate our AI roadmap and deepen our presence in our fastest-growing markets. India has been central to our growth story, and the appetite for digital transformation among Indian enterprises is immense. By bringing Naveenn on board, we are reinforcing our long-term commitment to this region, ensuring we have the right leadership to support our clients as they modernize their procurement functions.”

Igor Ryabenkiy, Founder and Managing Partner at AltaIR Capital, said, “Zinit is tackling a massive problem with a platform showing strong adoption in fast-growing markets like India. Their ability to combine AI-driven technology with local market execution makes them uniquely positioned to lead globally in B2B procurement systems.”

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About Zinit 

Founded in 2023 by Andrey Chernogorov and Anton Buzdalin, Zinit is a global AI-driven sourcing platform that automates the entire procurement process and makes it fully transparent. With its “procurement-as-a-service” model, the platform allows businesses to launch competitive sourcing events instantly. It uses AI to create high-quality RFPs, find new suppliers, and combine advanced technology with local on-ground support to deliver fast and measurable cost savings.

Zinit’s pricing model is flexible and affordable. It offers success-fee options and SaaS plans, and even provides guaranteed outcomes with a full refund if targets are not met.

The company operates in five countries and serves over 100 enterprise clients, supported by a supplier network of more than 100,000 vendors.

In India, Zinit has seen strong growth. It has built a localized supplier base of 100,000+ and helps procurement teams shorten sourcing cycles by automating supplier discovery, RFP creation, and multi-round negotiations.

Its platform is used by major enterprise customers, including Bacardi India, UFLEX, and United Colors of Benetton, among others.

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