DELHI, India–(BUSINESS WIRE)–#100Unicorns–1Buy.AI, an AI-first electronics procurement platform delivering 5–10% cost reductions within months of deployment, today announced a $3.9 million seed round led by 100Unicorns, with participation from FJ Labs (USA), Gruhas (founded by Nikhil Kamath and Abhijeet Pai) and other global investors, including enterprise customers.
Founded by serial entrepreneurs Nitin Jain, Visham Sikand, and Pradeep Paliwal—who collectively have built multiple unicorn ventures and bring proven operating scale and execution-led leadership—1Buy.AI is creating what it calls the Global Intelligence Layer for electronics procurement. The platform modernizes how electronics manufacturers source, price, and manage components across complex global supply chains, directly improving bottom-line performance through AI-driven cost optimization.
Modernizing a $600B+ Market
Electronics procurement remains one of the least digitized enterprise functions despite being a board-level concern. Manufacturers worldwide struggle with fragmented pricing data, opaque supplier networks, volatile supply conditions, and excess inventory trapped on balance sheets, yet still rely on spreadsheets and manual processes.
1Buy.AI replaces this fragmented approach with an AI-native platform that integrates intelligence with execution, enabling procurement teams to shift from reactive purchasing to predictive, governed decision-making across geographies.
Proven Product-Market Fit
Early deployments have delivered measurable improvements in supplier governance and inventory risk control across active bills of materials. Several early customers—among the largest electronics manufacturers globally—have significantly expanded usage and participated as investors in the round, validating strong product-market fit and tangible economic impact.
“Electronics procurement represents one of the largest yet least digitized enterprise decision surfaces globally,” said 100Unicorns. “We backed 1Buy.AI for its ability to combine deep data intelligence with execution-ready workflows. The team’s track record of building scaled businesses, coupled with early customer-led validation, positions them to define a new category in AI-driven procurement.”
The Platform
1Buy.AI operates across three integrated layers: 1Data, a proprietary AI engine for global pricing, alternates, lifecycle risk, and predictive signals; 1Source, an execution layer for compliant end-to-end sourcing; and 1Xcess, a structured marketplace to monetize excess and obsolete inventory.
Built in India for global scale, 1Buy.AI plans to expand across the United States, Europe, and Southeast Asia, with the plan of becoming the default operating system for electronics procurement worldwide.
Contacts
Swati Vohra, 1BUY.AI, [email protected]
