India, Jan. 29 -- AI-powered procurement tech startup 1Buy.AI has secured INR 32.5 Cr ($3.5 Mn) in a seed funding round led by 100 Unicorns, with participation from Gruhas, US-based FJ Labs, ace investor Ashish Kacholia, and other marquee investors, including existing customers.

"This capital allows us to accelerate the development of our compliant, scalable SaaS platform and expand our global data pipes, transforming how enterprises manage cost, risk, and resilience in their supply chains," 1Buy.AI cofounder Pradeep Paliwal said.

Founded in 2023 by Paliwal, Vibhanshu Ahluwalia and Chandni Trehan Sikand, 1Buy.AI operates in the electronics components supply chain. It provides services such as procurement of new electronics components, b...