1Buy.AI, an AI-first electronics procurement platform, has raised a $3.9 million seed round to expand development of what it describes as an AI operating system for sourcing and managing electronic components across global supply chains.
The round was led by 100Unicorns and included participation from FJ Labs, Gruhas, and other global investors, as well as select enterprise customers, according to the company. The startup is based in Delhi and is targeting electronics manufacturers that manage complex bills of materials, volatile component pricing, and supplier risk across multiple geographies.
1Buy.AI says its platform is designed to help procurement teams move from spreadsheet-driven, reactive purchasing to more predictive and governed decision-making. The company claims deployments can deliver 5% to 10% cost reductions within months, alongside improvements in supplier governance and inventory risk control.
The company was founded by Nitin Jain, Visham Sikand, and Pradeep Paliwal. 1Buy.AI describes the team as serial entrepreneurs who have built multiple unicorn ventures and are now applying that operating experience to a sector it argues remains under-digitized relative to its financial importance.
Electronics procurement is commonly treated as a board-level concern for manufacturers, given the impact of component pricing, availability, lead times, and excess inventory on margins and working capital. 1Buy.AI is positioning itself around that pain point, arguing that fragmented pricing data, opaque supplier networks, and supply volatility continue to force many organizations to rely on manual processes.
The company said early customer usage has expanded significantly, and that some of those customers participated as investors in the seed round. 1Buy.AI framed that as evidence of product-market fit and a signal that the platform is delivering measurable economic impact in live procurement environments.
1Buy.AI organizes its product into three layers. It describes 1Data as a proprietary AI engine that aggregates signals such as global pricing, alternate parts, lifecycle risk, and predictive indicators. 1Source is positioned as an execution layer intended to support compliant sourcing workflows end to end. 1Xcess is described as a structured marketplace designed to help manufacturers monetize excess and obsolete inventory.
With the funding, 1Buy.AI plans to expand beyond India into the United States, Europe, and Southeast Asia, aiming to become the default operating system for electronics procurement.
