1Buy.ai’s ₹32.5 Cr Seed Round: The ‘Midas Touch’ Trio Aims to Revolutionize Global Electronics Procurement

January 29, 2026

In a resounding vote of confidence for India’s B2B deep-tech stack, 1Buy.ai—an AI-native platform transforming electronics procurement—has secured a massive ₹32.5 crore seed round. This isn’t just any early-stage funding; it’s a strategic endorsement from a who’s who of Indian and global investors, including 100Unicorns, Gruhas (Nikhil Kamath and Abhijeet Pai), veteran investor Ashish Kacholia, and US-based FJ Labs. The round underscores a powerful thesis: the future of global manufacturing resilience will be built on intelligent software, and an Indian startup is poised to lead the charge.

Founded in 2023 by a trio of serial entrepreneurs with a legendary track record—Nitin Jain (ex-co-founder, OfBusiness), Visham Sikand (founder, Goals101), and Pradeep Paliwal (ex-CTO, EbixCash & RateGain)—1Buy.ai brings together unparalleled expertise in B2B commerce, data science, and scalable tech architecture. Having already built unicorns and executed successful exits, this team is now targeting a fundamental pain point in the heart of the global electronics supply chain.

The Problem: A $2 Trillion Industry Running on Spreadsheets and Guesswork

Electronics manufacturing is a labyrinth of complexity. Sourcing thousands of components, from resistors to advanced semiconductors, involves navigating volatile prices, geopolitical supply risks, long lead times, and opaque vendor networks. Most manufacturers still rely on manual processes, outdated ERP data, and fragmented communication, leading to cost overruns, production delays, and inventory nightmares.

The 1Buy.ai Solution: An AI-Powered Command Center

1Buy.ai acts as an intelligent procurement co-pilot, integrating multiple data streams and AI models to bring transparency, efficiency, and predictive power to the entire sourcing lifecycle:

Real-Time Pricing & Market Intelligence: AI scrapes and analyzes global component pricing, demand signals, and market trends, giving procurement teams dynamic, actionable insights instead of static quotes.
Supply-Chain Risk Alerts: The platform monitors geopolitical events, factory disruptions, and logistics bottlenecks, providing early warnings and alternative sourcing options to prevent line-down situations.
Intelligent BOM (Bill of Materials) Sourcing: It can analyze a complete BOM, optimize it for cost and availability, and automatically identify the best suppliers across a validated network, slashing sourcing time from weeks to hours.
Excess Inventory Liquidation: Using AI to match unused or excess components with demand across its network, turning dead inventory into recovered capital—a game-changer for cash flow.

The Founders’ Edge and Traction

The “Midas Touch” label is apt. This team combines:

Nitin Jain’s deep understanding of scaling B2B marketplaces (OfBusiness).
Visham Sikand’s expertise in building and exiting a data-driven company.
Pradeep Paliwal’s prowess in constructing robust, high-volume enterprise tech platforms.

This is reflected in remarkable early traction: the platform is already managing ₹4,500+ crore in annualized sourcing volume for over 15 OEMs, proving strong product-market fit before its first institutional rupee.

The Strategic Significance: Fueling India’s Electronics & Semiconductor Ascent

This funding arrives as India aggressively pushes its Production Linked Incentive (PLI) schemes for electronics and semiconductors. For these industries to be globally competitive, they need world-class, tech-enabled supply chains. 1Buy.ai is building the digital infrastructure that will make “Made in India” electronics more cost-effective, resilient, and agile.

The capital will fuel:

Global SaaS Expansion: Scaling the platform for manufacturers in the US, Israel, and Southeast Asia.
Deepening Indian Market Penetration: Capturing the massive growth in domestic electronics and component manufacturing.
Product R&D: Enhancing AI models for predictive procurement, carbon footprint tracking, and deeper integration with manufacturing execution systems.

The Bigger Picture: AI Reshapes Physical World Industries

1Buy.ai is a prime example of AI moving from consumer applications to optimizing the core of heavy industry. It demonstrates that the next wave of Indian SaaS will not be about managing HR or expenses, but about orchestrating complex physical operations—supply chains, manufacturing, and logistics. This is where the largest economic value waits to be unlocked.

Conclusion: Building the Nervous System of Global Manufacturing

The investor lineup—blending venture capital (100Unicorns), operator-led funds (Gruhas), public market wisdom (Ashish Kacholia), and global perspective (FJ Labs)—signals a consensus: 1Buy.ai is solving a critical, high-value problem with a formidable team.

This seed round is more than funding; it’s a launchpad. 1Buy.ai has the potential to become the default operating system for electronics procurement, making global supply chains smarter, faster, and more resilient. In doing so, it positions India not just as a manufacturing destination, but as the home of the intelligent software that will power the factories of the world.

Stay tuned to Startup Point for more on how Indian deep-tech is revolutionizing traditional industries from the ground up.