TLDR:
– Dice, an AI-based platform, raises Rs 42 crore in Series A funding round led by Dallas Venture Capital.
– Funds will be used for GTM initiatives, market penetration, sales and marketing strategies, and enhancing AI capabilities.
Enterprise spend management platform Dice has secured Rs 42 crore ($5 million) in a Series A funding round led by Dallas Venture Capital, with participation from GVFL. The funding will be directed towards go-to-market (GTM) initiatives to improve market penetration, optimize sales and marketing strategies, and enhance AI capabilities for better user experience.
Co-founder and CEO of Dice, Prashant Singh Kushwah, stated that the goal is to democratize spend management and deliver more value to clients through inclusive commerce and payment processing capabilities. The funding will also support the expansion of product offerings and rapid growth in overseas markets.
Dice operates as a corporate spend orchestration, digital commerce, and payments platform for enterprises, utilizing AI to streamline B2B consumption and manage enterprise spending more efficiently. Dallas Venture Capital and GVFL expressed their support for Dice’s unique value proposition, AI-driven automation, and global expansion plans.
In conclusion, the funding round is a significant milestone for Dice, enabling the company to scale, improve its technology, and drive global expansion initiatives by leveraging AI and solid GTM strategies.
