PE-VC Fund Investments
Electronic items procurement enabler 1Buy.ai nets Rs.32.5 Cr led by 100 Unicorns
New Delhi-based procurement technology startup 1Buy.ai , founded by Visham Sikand of Goals101 fame and Nitin Jain, co-founder of OfBusiness, has raised INR 32.5 crore in its first institutional funding round. The round was led by 100 Unicorns, with participation from Nikhil Kamath’s Gruhas and equity market investor Ashish Kacholia.1Buy.ai is an AI-powered operating system for electronics procurement that helps OEMs (original equipment manufacturers) and EMS (Electronics Manufacturing Services) companies optimize supply chains, reduce costs, and manage inventory. It uses AI to analyze over 500 million data points for 25 million+ part numbers, enabling smarter sourcing, risk management, and excess inventory liquidation.
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