Seed round backs AI-led cost, risk and resilience play for enterprise supply chains
AI-powered procurement startup 1Buy.AI has raised INR 32.5 Cr ($3.5 Mn) in a seed funding round as investors double down on AI-driven efficiency in enterprise supply chains. The round was led by 100 Unicorns, with participation from Gruhas, US-based FJ Labs, ace investor Ashish Kacholia, and other marquee backers, including existing customers.
Capital to Scale Platform and Data Pipes
Why does procurement need AI now?
Cofounder Pradeep Paliwal said the fresh capital will be used to scale the company’s compliant, SaaS-based procurement platform and expand its global data infrastructure. The aim: help enterprises better manage cost, risk and supply-chain resilience at a time when component volatility is the norm.
In simple terms, 1Buy.AI wants to do for electronics sourcing what algorithmic trading did for markets—surface inefficiencies instantly and act on them.
What 1Buy.AI Does
How does the platform actually work?
Founded in 2023, 1Buy.AI operates across the electronics components supply chain. Enterprises can either integrate their ERP systems or upload a bill of materials (BOM).
- AI then analyses pricing gaps, suggests component alternatives, and flags savings opportunities.
- Customers can renegotiate with existing vendors or onboard new suppliers through the platform.
The startup currently offers three core modules:
- 1Data: An AI-powered cost intelligence and reduction layer
- 1Source: An end-to-end sourcing platform
- 1Xcess: A marketplace for liquidating excess and obsolete inventory
Each piece targets a different leakage point in enterprise procurement.
Founding Team and Early Traction
Who’s behind the company—and does it have proof points?
1Buy.AI was founded by Paliwal, Visham Sikand, and Nitin Jain, with Jaspreet Bhatia joining later. The Delhi NCR-based startup claims several of India’s largest electronics companies as customers, though it did not disclose names.
Sikand said the first two clients were among the country’s biggest electronics players.
- They reportedly saved millions within weeks of onboarding.
- Business with these clients has grown over 10X, and both have also invested in the current round.
That kind of customer-investor overlap often signals product-market fit.
Investors Bet On AI Procurement
Why this sector, why now?
The raise comes amid rising investor interest in AI-led enterprise software. India’s AI market is projected to reach $126 Bn by 2030, with more than 150 startups launching AI-first products across generative AI, voice and conversational systems by late 2025.
AI-powered startups collectively raised over $1.5 Bn in 2025 alone, highlighting sustained appetite despite broader funding caution. Earlier this week, B2B fintech Mysa raised $3.4 Mn (INR 31.2 Cr) to strengthen its AI stack and banking offerings.
For investors, platforms like 1Buy.AI promise a tangible ROI story—cut costs, unlock inventory value, and de-risk supply chains.
TL;DR
1Buy.AI raised INR 32.5 Cr in a seed round led by 100 Unicorns to scale its AI-powered electronics procurement platform. The startup helps enterprises cut costs, optimise BOMs and liquidate excess inventory, tapping into rising demand for AI-led supply-chain efficiency.
AI summary
- 1Buy.AI secures INR 32.5 Cr seed funding
- Round led by 100 Unicorns; Gruhas, FJ Labs, Ashish Kacholia participated
- Platform targets electronics procurement, BOM optimisation and inventory liquidation
- Claims large electronics firms as customers
- Funding aligns with growing investor focus on AI enterprise software
Keywords: 1Buy.AI funding, AI procurement, electronics supply chain, seed round, enterprise SaaS
