Zinit, an AI-native sourcing platform, has raised $8 million in a seed funding round led by AltaIR Capital, valuing the company at $48 million. The round also saw participation from DVC, early backers of leading AI companies such as Perplexity, who will advise Zinit on its AI strategy.
The fresh funds raised will be used for product development, international growth, and global expansion, specifically targeting the Indian market.
To spearhead the growth in India, Zinit has appointed Naveenn Suri as Regional Director for India. Suri brings over 25 years of experience in supply-chain transformation, having previously served as a Partner at EY, where he led the firm’s SAP Ariba practice across India.
As part of this global scaling strategy, Zinit is aligning its senior leadership in other geographies, including the appointments of Michel Boczko as Regional Director for Latin America and Stan Moskovtsev (ex-McKinsey) as CEO for the United States.
Founded in 2023 by Andrey Chernogorov and Anton Buzdalin, Zinit is a global AI-native sourcing platform that automates and brings full transparency to the sourcing process through its “procurement-as-a-service” model.
The platform helps businesses launch competitive sourcing events instantly without complex integrations, leveraging AI to prepare best-in-class RFPs and engage new suppliers, and pairing cutting-edge technology with localized execution to deliver measurable savings at speed.
Zinit’s unique business model, featuring success-fee pricing and flexible SaaS licensing, ensures affordability compared to legacy suites. Clients are protected by the focus on guaranteed outcomes or a full refund, ensuring full alignment of incentives.
Zinit operates across 5 countries, serving 100+ enterprise customers with a network of 100,000+ suppliers.
Building on strong Indian momentum, Zinit has already gained significant traction in the region. Zinit has successfully built a localized network exceeding 100,000 suppliers. By automating supplier discovery, RFP creation, and multi-round negotiations, Zinit empowers procurement teams to cut sourcing cycles.
The platform is currently used by over 100 enterprise clients, including major Indian operations such as Bacardi India, UFLEX, and United Colors of Benetton, amongst others.
Naveenn Suri, Regional Director for India at Zinit, said, “Indian enterprises are aggressively moving beyond basic digitization toward intelligent automation. CFOs and CPOs here are looking for immediate ROI and governance, not year-long implementation cycles. Zinit’s ability to automate supplier discovery and negotiation—while guaranteeing cost savings—resonates perfectly with the Indian market’s focus on efficiency and bottom-line impact. I look forward to scaling our operations here and helping more Indian businesses streamline their sourcing.”
Anton Buzdalin, Co-Founder and CEO of Zinit, said, “This new funding allows us to accelerate our AI roadmap and deepen our presence in our fastest-growing markets. India has been central to our growth story, and the appetite for digital transformation among Indian enterprises is immense. By bringing Naveenn on board, we are reinforcing our long-term commitment to this region, ensuring we have the right leadership to support our clients as they modernize their procurement functions.”
Igor Ryabenkiy, Founder and Managing Partner at AltaIR Capital, said, “Zinit is tackling a massive problem with a platform showing strong adoption in fast-growing markets like India. Their ability to combine AI-driven technology with local market execution makes them uniquely positioned to lead globally in B2B procurement systems.”
