New Delhi, May 2 -- Zinit, a global SaaS startup transforming procurement with AI-driven solutions, today announced a $2 million investment in its Indian operations. The company's move aims to capitalize on India's $500 billion procurement market with the introduction of its AI-powered B2B procurement platform, offering smarter, scalable solutions to streamline the country's inefficient, legacy procurement systems.

Despite projections for India's B2B e-commerce market to reach $200 billion by 2030, a significant portion of India's procurement processes still rely on outdated, manual systems. Zinit plans to disrupt this space by focusing on tail spend - the neglected portion of procurement that accounts for 30% of procurement value but 80...