News & Media

Enterprise spend management platform has raised $5 million in Series A funding led by cross-border venture capital firm Dallas Venture Capital (DVC) with ‘significant participation’ from GVFL (formerly known as Gujarat Venture Finance Limited), according to a statement.

Enterprise spend management platform Dice has 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 the round. The funds raised will be channelled towards a range of go-to-market (GTM) initiatives, designed to enhance market penetration, broaden customer outreach, optimise sales and marketing strategies, and enhance AI capabilities to improve user experience.

Software-as-a-service (SaaS) startup Dice, toy brand EleFant and consumer wellness brand Hoop raised early-stage funding, the companies said on Wednesday.

Dice has raised $5 million (Rs 42 crore) in a Series A funding round led by cross-border venture capital firm Dallas Venture Partners. The round also saw participation from GVFL (formerly Gujarat Venture Finance Ltd).

Dice, an AI-based spend management platform enterprise from Pune, India, has secured INR 42 Crore (USD 5 Mn) in funding. The fund-raise was led by Dallas Venture Capital, a cross-border venture capital firm, with participation from Gujarat Venture Finance Limited (GVFL).

The startup plans to utilise the funds for various go-to-market initiatives designed to enhance market penetration, broaden customer outreach, optimise sales and marketing strategies, and enhance AI capabilities.

Cross-border VC firm Dallas Venture Capital (DVC) leads ₹42 Crores ($5 M) Series A round in “enterprise spend management” platform ‘Dice’. The round also saw significant participation from GVFL (formerly Gujarat Venture Finance Limited).

Dice is a unique “spend management solution” that leverages AI to streamline and improve how enterprises consume B2B goods and services and manage enterprise spending. It offers a connected ecosystem to manage the spending incurred across different stakeholders and channels ranging from travel, reimbursements, and imprest, to procurement, accounts payable, and utility payments.