1Buy.AI, a platform that helps businesses with procurement and reducing costs, has raised INR 32.5 crore in its first major funding round. 100 Unicorns led the round and also included investors like Nikhil Kamath’s Gruhas and Ashish Kacholia.
The company plans to use this funding to accelerate software development, make it more scalable and compliant and expand its global data infrastructure to serve more customers worldwide.
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 building a technology platform to help electronics manufacturers buy materials more efficiently and better manage their suppliers.
1Buy.AI, founded in 2023 in Delhi by Nitin Jain, Visham Sikand, and Pradeep Paliwal, is an AI-powered platform that helps electronics companies reduce procurement costs, manage supply chain risks, source materials more efficiently and sell excess inventory. The platform brings together data intelligence, sourcing and liquidation processes into one easy-to-use system.
Visham Sikand, who started 1Buy.AI, previously sold his data analytics company, Goals101, to M2P Fintech for around $30 million in 2023. Nitin Jain joined as a cofounder after leaving OfBusiness in November last year.
The third cofounder, Pradeep Paliwal, is a former executive at EbixCash and RateGain and now serves as the startup’s chief technology officer, helping build and scale the platform.
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