Delhi NCR-based 1Buy.AI, an AI-powered procurement startup, has raised INR 32.5 Cr ($3.5 Mn) in seed funding. The round was led by 100 Unicorns, with participation from Gruhas, US-based FJ Labs, Ashish Kacholia, and existing customers.
Founded in 2023 by Pradeep Paliwal, Vibhanshu Ahluwalia, and Chandni Trehan Sikand, 1Buy.AI focuses on optimizing the electronics components supply chain. Its AI platform offers services, including electronics component procurement, bill of materials optimization, and excess inventory liquidation.
How it Works: Enterprises can integrate their ERP systems with 1Buy.AI’s platform or upload their bill of materials. The AI analyzes pricing, suggests alternatives, and identifies savings opportunities. Customers can then renegotiate with current suppliers or find new ones through the platform.
1Buy.AI’s platform is divided into three segments:
- 1Data: AI-powered cost reduction and intelligence layer
- 1Source: End-to-end sourcing platform
- 1Xcess: Marketplace for liquidating excess inventory
According to cofounder Chandni Trehan Sikand, early clients, described as major players in the electronics industry, achieved substantial cost savings within weeks of adopting the platform and have become investors in this round.
This funding will enable 1Buy.AI to enhance its SaaS platform and expand its data capabilities, with the goal of improving cost management, risk mitigation, and supply chain resilience for enterprises.
The raise comes as the Indian AI market is projected to reach $126 Bn by 2030, driving increased investor interest in AI-driven startups.
