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1Buy.AI raises Rs 32.5 Cr in seed round led by 100Unicorns

EntrackrEntrackr · 2d ago
1Buy.AI raises Rs 32.5 Cr in seed round led by 100Unicorns
Medial

1Buy.AI raises Rs 32.5 Cr in seed round led by 100Unicorns Procurement and cost-reduction platform 1Buy.AI has raised Rs 32.5 crore in a seed funding round led by 100Unicorns along with participation from Ashish Kacholia, Gruhas, FJ Labs (USA), and other investors, including existing customers. The fresh funds will be deployed to accelerate the development of compliant, scalable SaaS platforms and expand global data pipes, 1Buy said in a press release. Co-founded in 2023 by Midas Touch founders Nitin Jain, Visham Sikand, and Pradeep Paliwal, 1Buy.AI is an AI-powered platform designed to help electronics companies reduce procurement costs, manage supply-chain risk, source intelligently, and liquidate excess inventory. The platform brings together data intelligence, sourcing execution, and liquidation workflows into a single, decision-grade system. The Delhi-based startup addresses under-served gaps in the global electronics ecosystem such as the lack of a unified, data-driven system for procurement decision-making and execution. It has launched a cutting-edge, AI-led platform that enables electronics manufacturing companies to achieve a 5–10 percent reduction in sourcing costs across active BOMs, often within the first few months of deployment. The platform operates across three integrated verticals including 1Data, an AI-powered cost reduction and intelligence layer, 1Source, an end-to-end sourcing platform, and 1Xcess, a structured marketplace for liquidation of excess and obsolete inventory. It claims that the solution has already gained strong traction, with several of the country’s largest electronics players onboarded as customers. According to 1Buy.AI, it is already working with large enterprises in India and international markets, delivering measurable outcomes, particularly in cost reduction and the execution of those savings. The platform enables procurement teams to move from reactive buying to proactive, controlled decision-making by integrating AI-driven market intelligence with supplier access and operational execution.

Related News

Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC

EntrackrEntrackr · 8m ago
Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC
Medial

Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC Sneaker brand Gully Labs has raised Rs 8.7 crore in a seed funding round — comprising Rs 7.6 crore in equity and Rs 1.1 crore in venture debt. The equity round was led by Zeropearl VC along with participation from Untitled Ventures, Atrium Ventures, and other prominent angel investors including Bounce co-founder & CEO Vivekananda Hallekere, Suhasini Sampath, Nishchay AG, Renee Cosmetics founder Ashutosh Valani, Anurag Ramadasan, and Rahul Seth, while Stride Ventures led the debt investment. Prior to this, the company had secured Rs 1.1 crore in equity during its pre-seed round in 2024. The fresh capital will be deployed towards diversifying the product mix, expanding sales channels, and opening physical retail stores, Gully Labs said in a press release. Co-founded in 2023 by Arjun Singh and Animesh Mishra, Gully Labs crafts handmade sneakers, blending premium materials with culturally rich design stories — from Phulkari-embroidered trainers to Onam-inspired silhouettes. Gully Labs sells its products through its website and in select partner stores across Indian metros. The company plans to build a larger production facility, broaden its product line across diverse sneaker styles, and deepen its reach across India and global markets. It also plans to launch exclusive retail outlets as part of its omni-channel strategy.

Terafac raises Rs 6.5 Cr in pre-seed round led by Inuka Capital

EntrackrEntrackr · 5m ago
Terafac raises Rs 6.5 Cr in pre-seed round led by Inuka Capital
Medial

Terafac raises Rs 6.5 Cr in pre-seed round led by Inuka Capital Chandigarh-based AI-robotics startup Terafac has raised Rs 6.5 crore ($800K) in a pre-seed round led by Inuka Capital. Other investors include DEVC, Bharat Founders Fund, Innovation Mission Punjab, and select angels. The proceeds will be used for product innovation, market expansion, and hiring. Founded by Anubhi Khandelwal and Amrit Singh, Terafac has developed an AI-Vision platform that converts standard industrial robots into intelligent, self-adjusting machines. Its first product, WeldT, automates welding using computer vision to handle high product variations. The startup plans to expand its solution across tasks like gluing, painting, and inspection. Terafac operates on a "Software-as-a-Skill" model and targets 80 deployments across 20 customers in the next year. Its business model revolves around providing AI-based manufacturing automation tools to OEMs and factories, aiming to reach Rs 8 crore in ARR by FY26.

Bubble tea brand Boba Bhai raises Rs 30 Cr in Series A round

EntrackrEntrackr · 1y ago
Bubble tea brand Boba Bhai raises Rs 30 Cr in Series A round
Medial

Bubble tea brand Boba Bhai, a quick-service restaurant (QSR) brand focused on bubble tea and other food items, has raised Rs 30 crore (around $3.4 Mn) in its Series A round led by 8i Ventures. The round also saw participation from existing backers, including Titan Capital Winners Fund, Global Growth Capital, and DEVC among others. Earlier, the startup raised Rs 12.5 crore in its seed round led by Titan Capital and Global Growth Capital UK. The proceeds will be used to expand to new cities, scale operations, and introduce innovative menu offerings. Founded by Dhruv Kohli, Boba Bhai currently has 42 outlets in nine cities and plans to open over 150 stores by the end of the year. Approximately 70% of orders are generated through its website and platforms like Zomato, Swiggy, and ONDC.

FinReach raises Rs 21.9 Cr led by Colossa Ventures

EntrackrEntrackr · 2m ago
FinReach raises Rs 21.9 Cr led by Colossa Ventures
Medial

FinReach Solutions has raised Rs 21.9 crore (around $2.6 million) in a fresh round led by Colossa Ventures, along with existing investors Michael & Susan Dell Foundation, Omidyar Network Fund Inc, and Caspian SME Impact Fund IV. The company had earlier raised Rs 32.5 crore (around $3.9 million) from its existing investor group. The new capital will be used to scale operations, expand guarantee facilitation, and strengthen the company’s risk and technology stack to support larger volumes of credit assessments. Founded in December 2020 by Suvalaxmi Chakraborty, former senior executive at ICICI Bank, Barclays Bank, and SBM India, FinReach focuses on small entrepreneurs who struggle to access formal credit due to lack of collateral and limited credit history. FinReach operates a private-sector Credit Guarantee Program, enabling lenders to extend credit to micro, small, women-led, agri, and climate-focused enterprises. The platform connects private guarantors with lenders to de-risk loans and expand access to formal credit for underserved MSMEs. The firm’s analytics-led guarantee engine evaluates borrower risk, facilitates guarantees, and supports lending in tier-III to tier-V regions. FinReach says its programs have reached 14,150 individuals, including over 2,050 women borrowers. FinReach works with development finance institutions including British International Investment and global foundations supporting credit-access initiatives.

Healthtech startup Docplix raises Rs 1.2 Cr in bridge round

EntrackrEntrackr · 1y ago
Healthtech startup Docplix raises Rs 1.2 Cr in bridge round
Medial

Healthtech startup Docplix has raised Rs 1.2 crore in its bridge round led by Inflection Point Ventures. Earlier in March this year, DocPlix had raised Rs 5 crore in its pre-Series A round led by Eris Lifesciences with the participation of other angel investors. In February 2022, it raised Rs 1.2 crore in seed round. The fresh proceeds will be used for product development, AI integration, and market expansion, Docplix said in a press release. This will involve enhancing its EHR system, incorporating advanced AI capabilities to improve decision support and patient care, and expanding its market reach. Founded by Varun Garg, Aayush Garg, DocPlix’s ABDM-compliant Electronic Health Record (EHR) system ensures secure and interoperable management of patient data. Its integrated Decision Support System (DSS) helps healthcare professionals make informed decisions through data analytics. Additionally, innovative visualization tools make patient data easy to understand, enhancing patient care and clinic efficiency. The startup claims to serve over 2,000 doctors, extending its reach through programs and remote clinics in tier-II and tier-III cities to address healthcare needs in underserved areas.

Medtech startup MedVital raises Rs 8.4 Cr in pre-seed round

EntrackrEntrackr · 8m ago
Medtech startup MedVital raises Rs 8.4 Cr in pre-seed round
Medial

Medtech startup MedVital raises Rs 8.4 Cr in pre-seed round MedVital, a medtech startup focused on skin repair and wound care, has raised Rs 8.4 crore in its pre-seed round led by Nihar Parikh’s 4point0 Health Ventures. The round saw participation from founders of Tata 1mg, NephroPlus, SafeExpress, Eye Q Hospital, Hexa Health, and AstroTalk. The proceeds will be used to expand MedVital’s product portfolio, strengthen its supply chain, and broaden its distribution network to cover hospitals, clinics, and home-care settings. Co-founded by Varun Gupta and Tarun Bansal, MedVital is a full-stack platform for wound care and minimally invasive aesthetics, integrating monitoring and next-generation biomaterials. MedVital’s flagship product, NoWound, is a negative pressure wound therapy (NPWT) device designed for controlled healing of complex wounds. The device is compact, digitally enabled, and locally manufactured. The startup plans to introduce liquid chitosan-based dressings and expand into dermal and hair regeneration solutions.

Parkobot raises Rs 2.09 Cr in seed round led by IPV

EntrackrEntrackr · 6m ago
Parkobot raises Rs 2.09 Cr in seed round led by IPV
Medial

Snippets Parkobot raises Rs 2.09 Cr in seed round led by IPV IoT-based parking startup Parkobot has raised Rs 2.09 crore (around $243K) in a seed round led by Inflection Point Ventures (IPV), with participation from high-net-worth individuals. The funding will be used to expand infrastructure, enter new markets, enhance backend operations, and diversify its product portfolio. Founded by Amrit Choudhury, Raj Kumar Bihani, and Animesh Mukherjee, Parkobot is currently in stealth mode as it lays the groundwork for scale. It offers a tech-enabled solution that allows users to monetize their private parking spaces through an IoT-powered smart parking space barrier integrated with the Parkobot mobile app. It operates as a real-time, on-demand platform by enabling hourly rentals of unused spots. The platform currently manages over 20,000 bookings each month and is built on a proprietary tech stack that includes scalable IoT devices and an in-house Parking Management System (PMS). It supports automated, pre-booked parking experiences with minimal manual intervention. The startup has already deployed its smart barriers at key high-traffic locations and aims to reduce urban congestion by optimizing underutilized parking spaces.

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