1Buy.AI: Transformation in Procurement and Cost-Reduction

1Buy.AI, a procurement and cost-reduction platform, has successfully secured Rs 32.5 crore in a seed funding round. This round was spearheaded by 100Unicorns and saw contributions from notable investors such as Ashish Kacholia, Gruhas, FJ Labs (USA), and other existing customers. The newly acquired funds will be utilised to enhance the development of compliant and scalable SaaS platforms while expanding global data connections, as noted in a press release from 1Buy.

Founded in 2023 by the creators of Midas Touch—Nitin Jain, Visham Sikand, and Pradeep Paliwal—1Buy.AI is an AI-driven platform aimed at assisting electronics firms in decreasing procurement costs, managing supply chain risks, sourcing intelligently, and liquidating surplus inventory. The platform amalgamates data intelligence, sourcing execution, and liquidation processes into a single, decision-grade system.

This Delhi-based startup targets significant gaps within the global electronics sector, particularly the absence of a cohesive, data-oriented system for making and executing procurement decisions. 1Buy.AI has introduced a state-of-the-art, AI-led platform that allows electronics manufacturing firms to realise a 5–10 percent decrease in sourcing expenses across active BOMs, typically within the initial months of implementation.

Integrated Verticals of 1Buy.AI

The platform encompasses three interconnected verticals: 1Data, which provides an AI-driven cost reduction and intelligence layer; 1Source, an all-encompassing sourcing platform; and 1Xcess, a structured market for liquidating surplus and obsolete inventory. The platform claims that its solutions have already gained significant traction, with several of the nation’s leading electronics companies onboarded as clients.

Delivering Measurable Results

1Buy.AI declares that it is collaborating with major enterprises both in India and abroad, achieving tangible outcomes, especially in terms of cost reduction and savings execution. The platform empowers procurement teams to transition from reactive purchasing to proactive and controlled decision-making by merging AI-driven market insights with supplier access and operational processes.