1Buy.AI provides a unified SaaS solution that blends data intelligence, sourcing execution and inventory liquidation into one decision-grade system for electronics manufacturers. The platform’s three modules—1Data, 1Source and 1Xcess—use AI to deliver 5–10 percent reductions in bill-of-materials costs within the first few months of deployment. By integrating real-time market intelligence with supplier access and workflow tools, the Delhi-based company shifts procurement teams from reactive buying to proactive, controlled decision-making. Founded in 2023 by Midas Touch founders Nitin Jain, Visham Sikand and Pradeep Paliwal, 1Buy.AI has already onboarded several of India’s largest electronics players and is working with enterprises in international markets. Customers rely on the platform to reduce procurement spending, mitigate supply-chain risks and monetize excess or obsolete inventory. The newly raised capital will be used to enhance the platform’s compliance features, scale its SaaS infrastructure and expand global data integrations, positioning the firm for broader international rollout.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2026