[Funding News] Dice Secures Rs 42 Cr Series A Funding Round from Dallas Venture Capital

The Indian venture capital company Dallas Venture Capital led a Series A funding round that raised Rs 42 crore ($5 million). This was for the enterprise spend management platform Dice.

The money raised will be used for a variety of "go-to-market" (GTM) projects that aim to increase market growth, reach more customers, improve sales and marketing strategies, and make AI smarter to make the user experience better.

Read also - Matter Secures $35 Mn in Series B Funding Round from Venture Capital firm Helena

Dice is a tool for businesses that lets them manage their spending, do business online, and make payments. It streamlines how businesses buy B2B things and services and keep track of their spending by using AI.

Dice has a unique value proposition that uses GenAI to make corporate spend process automation, easy workflow configuration, and shorter cycle times possible. This frees up a lot of working capital for a wide range of partners and clients.

Prashant Singh Kushwah, Co-founder and CEO of Dice, said: "We aim to democratize spend management for all stakeholders through inclusive commerce, transaction processing capabilities, and payment rails. We are truly excited to have the support of Dallas Venture Capital and GVFL as we embark on this promising new chapter. This funding will empower us to expand our product offerings, grow rapidly in overseas markets, and deliver even more value to our clients,"

Kamal Bansal, Managing Director at GVFL, said: “Dice is addressing critical inefficiencies in corporate spend processes by leveraging AI in their horizontal no-code solution. With their rock solid GTM the company has also scaled and garnered various partnerships, building an impressive clientele. GVFL is pleased to announce their partnership with Dice, supporting them in their global expansion and journey ahead,”

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About Dice

Founded in 2018 by Prashant Singh Kushwah and Sonam Khubchandani, Dice is the most holistic spend management ecosystem. Dice is disrupting the way enterprises consume B2B goods and services, and manage corporate spend. We are redefining what SaaS stands for in a corporate setup - Spending as a Service. 

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