TLDR: Dice Secures INR 42 Cr in Series A Funding
- Dice, a startup based in Pune, raised INR 42 crore in a Series A funding round led by Dallas Venture Capital.
- The funding will be used for go-to-market initiatives to enhance market penetration, customer outreach, sales and marketing strategies, and AI capabilities.
The Pune-based startup, Dice, has secured INR 42 crore (USD 5 million) in Series A funding led by cross-border VC firm Dallas Venture Capital. GVFL also participated in the round. The raised funds will be utilized for go-to-market initiatives aimed at enhancing market penetration, customer outreach, sales and marketing strategies, and AI capabilities. Prashant Singh Kushwah, Co-founder and CEO of Dice, expressed the company’s commitment to growth and value creation through the deployment of these funds.
Dice, founded in 2018, is a corporate spend orchestration, digital commerce, and payments platform that uses AI to streamline how businesses consume B2B goods and services, as well as manage their spending. The partnership with Dallas Venture Capital aims to accelerate Dice’s growth in both India and the USA through the DVC Advantage program. Dice’s unique value proposition offers automation of enterprise spend processes, workflow configuration, cycle time reduction, and significant working capital savings for partners and clientele.
Kamal Bansal, Managing Director at GVFL, highlighted Dice’s rock-solid Go-to-Market strategy and impressive partnerships, supporting the company’s global expansion and journey ahead. Overall, the Series A funding provides Dice with the resources needed to expand product offerings, grow in overseas markets, and deliver enhanced value to clients.
