Delhi: 1Buy AI, an AI-first electronics procurement platform delivering 5–10% cost reductions within months of deployment, has raised $3.9 million in a seed funding 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 have collectively built multiple unicorn ventures, 1Buy AI is positioning itself as a global intelligence layer for electronics procurement.
The platform is designed to modernize how electronics manufacturers source, price, and manage components across complex global supply chains, with a direct focus on AI-led cost optimization and operational efficiency.
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1Buy AI Targets Modernization of a $600 Billion Electronics Procurement Market
Electronics procurement remains one of the least digitized enterprise functions globally, despite being a board-level priority for manufacturers.
Organizations continue to grapple with fragmented pricing data, opaque supplier ecosystems, volatile supply conditions, and excess inventory locked on balance sheets, while relying heavily on spreadsheets and manual workflows.
1Buy AI replaces these fragmented processes with an AI-native platform that integrates intelligence and execution, enabling procurement teams to transition from reactive purchasing to predictive, governed decision-making across geographies and supply chains.
Early Enterprise Adoption Validates 1Buy AI Product-Market Fit
Early deployments of 1Buy AI have resulted in measurable improvements in supplier governance and inventory risk management across active bills of materials.
Several early customers – among the world’s largest electronics manufacturers – have expanded platform usage and also participated as investors in the funding round, reinforcing confidence in the platform’s 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.”
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Inside the 1Buy AI Platform Architecture
1Buy AI operates across three integrated layers:
- 1Data: A proprietary AI engine providing global pricing intelligence, alternate sourcing options, lifecycle risk analysis, and predictive signals
- 1Source: An execution layer enabling compliant, end-to-end sourcing workflows
- 1Xcess: A structured marketplace designed to monetize excess and obsolete inventory
Built in India for global scale, 1Buy AI plans to expand its presence across the United States, Europe, and Southeast Asia, with the stated objective of becoming the default operating system for electronics procurement worldwide.
