1Buy.AI raises Rs 32.5 Cr in seed round led by 100Unicorns

According to 1Buy.AI, it is already working with large enterprises in India and international markets, delivering measurable outcomes, particularly in cost reduction and the execution of those savings.

29 Jan 2026 11:02 IST

New Update

Procurement and cost-reduction platform 1Buy.AI has raised Rs 32.5 crore in a seed funding round led by 100Unicorns along with participation from Ashish Kacholia, Gruhas, FJ Labs (USA), and other investors, including existing customers.

The fresh funds will be deployed to accelerate the development of compliant, scalable SaaS platforms and expand global data pipes, 1Buy said in a press release.

Co-founded in 2023 by Midas Touch founders Nitin Jain, Visham Sikand, and Pradeep Paliwal, 1Buy.AI is an AI-powered platform designed to help electronics companies reduce procurement costs, manage supply-chain risk, source intelligently, and liquidate excess inventory. The platform brings together data intelligence, sourcing execution, and liquidation workflows into a single, decision-grade system.

The Delhi-based startup addresses under-served gaps in the global electronics ecosystem such as the lack of a unified, data-driven system for procurement decision-making and execution. It has launched a cutting-edge, AI-led platform that enables electronics manufacturing companies to achieve a 5–10 percent reduction in sourcing costs across active BOMs, often within the first few months of deployment.

The platform operates across three integrated verticals including 1Data, an AI-powered cost reduction and intelligence layer, 1Source, an end-to-end sourcing platform, and 1Xcess, a structured marketplace for liquidation of excess and obsolete inventory. It claims that the solution has already gained strong traction, with several of the country’s largest electronics players onboarded as customers.

According to 1Buy.AI, it is already working with large enterprises in India and international markets, delivering measurable outcomes, particularly in cost reduction and the execution of those savings. The platform enables procurement teams to move from reactive buying to proactive, controlled decision-making by integrating AI-driven market intelligence with supplier access and operational execution.

Disclaimer:

Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investors here.