AI-Powered Procurement: How 1Buy.AI is Solving Global Electronics Supply Chain Challenges
What is the news?
1Buy.AI, an innovative procurement and cost-reduction platform, has announced the successful closure of a ₹32.5 crore seed funding round. The investment was led by 100Unicorns, with significant participation from prominent investors such as Nikhil Kamath and Gruhas. Founded in 2023 by Nitin Jain, Visham Sikand, and Pradeep Paliwal the experienced team behind 1Buy.AI is positioning itself as a vital tool for the global electronics manufacturing sector.
Why is it interesting?
The platform leverages artificial intelligence to move procurement teams from reactive buying to proactive, data-backed decision-making. By integrating three distinct verticals 1Data for market intelligence, 1Source for execution, and 1Xcess for inventory liquidation the company provides a decision-grade system that manages the entire lifecycle of electronic components. The founders’ deep roots in the industry have allowed 1Buy.AI to gain immediate traction, already serving some of the largest electronics players both in India and across international corridors.
This funding milestone is a testament to the rising prominence of Indian-origin founders building deep-tech SaaS solutions for global industrial problems. With plans to accelerate the development of its scalable SaaS architecture and expand its global data infrastructure, 1Buy.AI is set to become a cornerstone for electronics manufacturers seeking efficiency and risk mitigation in an increasingly volatile global market.
Read more: 1Buy.AI raises Rs 32.5 Cr in seed round led by 100Unicorns