Dice Enterprises Pvt Ltd, founded in 2018, is a private company based in Pune, India. It specializes in enterprise spend management, offering a platform that integrates digital commerce and payments solutions for businesses. The company employs between 51-200 people and has a significant user base across India.
Dice was co-founded by Prashant Singh Kushwah, who has been with the company since its inception. The company has grown to become a notable player in the spend management sector, leveraging AI to streamline B2B procurement processes and manage enterprise spending effectively.
In June 2024, Dice raised $5 million in a Series A funding round led by Dallas Venture Capital, with participation from GVFL. This funding aims to enhance market penetration, expand customer outreach, and optimize sales and marketing strategies. The funds will also be used to develop AI capabilities and broaden product offerings.
Dice's platform offers a comprehensive suite of enterprise products, including:
Accounts payable management
Procurement management
Subscription management
Expense and travel administration
Payment and budget management
Workflow control
The platform uses AI to automate and enhance various enterprise processes, providing solutions for travel and expense management, petty cash control, corporate cards, and QR-based payments.
Dice is focused on expanding its product offerings and entering international markets. The recent funding round is expected to fuel these expansion efforts.
Dice is continuously enhancing its platform by incorporating AI and machine learning technologies. These advancements aim to automate enterprise spend processes, customize workflows easily, and significantly reduce cycle times, thereby freeing up working capital.
Dice is known for its positive company culture, receiving high ratings for its work environment and growth opportunities. The company is praised for its friendly atmosphere and the opportunities it provides for professional development.
Dice serves over 200,000 users across India, including major enterprises like Bajaj Electricals, Piramal Enterprises, and IDFC First Bank. The platform has achieved an annual recurring revenue (ARR) of $1.5 million by the end of the last financial year, highlighting its strong market presence.
