Dice, an enterprise spend management platform, has successfully raised Rs 42 crore ($5 million) in a Series A funding round led by cross-border VC firm Dallas Venture Capital. GVFL (formerly Gujarat Venture Finance Limited) also participated in this significant funding round.
The capital infusion will be strategically allocated towards various go-to-market (GTM) initiatives aimed at enhancing market penetration, expanding customer outreach, optimizing sales and marketing strategies, and further advancing AI capabilities to enhance user experience.
“We are committed to democratizing spend management through inclusive commerce, robust transaction processing capabilities, and efficient payment rails. With the support of Dallas Venture Capital and GVFL, we are excited to embark on this new phase of growth. This funding will enable us to diversify our product offerings, accelerate expansion into international markets, and deliver greater value to our clients,” stated Prashant Singh Kushwah, Co-founder and CEO of Dice.
Dice operates as a comprehensive corporate spend orchestration, digital commerce, and payments platform tailored for enterprises. Leveraging AI, Dice streamlines B2B procurement processes and enhances overall enterprise spend management efficiency.
Commenting on the strategic partnership, Kamal Bansal, Managing Director at GVFL, highlighted Dice’s innovative approach in addressing corporate spend inefficiencies through AI-driven solutions. GVFL looks forward to supporting Dice’s global expansion and continued success.