.avif)
.avif)
Total amount raised
$5.04 Million
Latest funding date
2024-07-03
Location
Dice raised about USD 5.04 million over two rounds. Its latest was a USD 5 million (INR 42 crore) Series A in July 2024 led by Dallas Venture Capital with GVFL participating. The Pune-based AI spend-management platform is now part of Zaggle Prepaid Ocean Services, which completed its acquisition of Dice's business in 2026.
What Is Dice?
Dice, operated by Dice Enterprises Private Limited, is an AI-based enterprise spend-management platform covering employee spend, vendor payments, and procurement across finance, SaaS, and travel.
Founded in 2018 by Prashant Singh Kushwah and Sonam Khubchandani, Dice is based in Pune, Maharashtra. About 100 technology professionals were reported in May 2026 to be moving to Zaggle as part of the acquisition.
Dice's platform, intellectual property, codebase, domains, and enterprise contracts now belong to Zaggle Prepaid Ocean Services, a BSE-listed spend-management company.
How Much Funding Has Dice Raised?
- Seed Round
- Amount Raised: USD 40,000
- Date: April 2020
- Lead Investors: IIT Mandi Catalyst
- Motivation Behind the Round: To kickstart the company's operations and develop its initial product offerings.
- Series A
- Amount Raised: USD 5,000,000 (INR 42 crore)
- Date: July 2024
- Lead Investors: Dallas Venture Capital (DVC India Fund)
- Participants: GVFL; the round was facilitated by Prakrit Advisors
- Motivation Behind the Round: To support go-to-market strategies, expand market reach including overseas markets such as EMEA, improve customer engagement, and develop AI capabilities.
Total Amount Raised: Approximately USD 5,040,000, made up of a USD 40,000 seed round and an INR 42 crore Series A worth about USD 5 million at the time. Current Valuation: Not publicly disclosed. Zaggle's purchase of Dice's assets and IP was completed at about INR 68 crore in cash, revised down from the INR 123 crore share purchase announced in June 2025. As of September 2026, the company's latest disclosed round remains its July 2024 Series A, and its business has been acquired by Zaggle.
Key Investors
- Dallas Venture Capital
- Details: Dallas Venture Capital, through its DVC India Fund, led Dice's INR 42 crore Series A in July 2024.
- Investment Focus Areas: Technology, SaaS, and AI companies in India and the United States.
- Notable Investments: Not publicly disclosed.
- IIT Mandi Catalyst
- Details: IIT Mandi Catalyst, the technology incubator of IIT Mandi, led Dice's USD 40,000 seed round in April 2020.
- Investment Focus Areas: Early-stage technology startups in India.
- Notable Investments: Not publicly disclosed.
What's Next for Dice?
Dice's business now operates within Zaggle Prepaid Ocean Services. In June 2025, Zaggle agreed to acquire all of Dice Enterprises' share capital for INR 123 crore (about USD 14.4 million at the time). On May 8, 2026, Zaggle's board restructured the deal into an all-cash asset and IP purchase of about INR 68 crore.
On its Q1 FY2027 earnings call on August 14, 2026, Zaggle said the Dice acquisition was completed at INR 68 crore. More than 85 client contracts were being novated, with revenue flowing from July 1, 2026. Zaggle expects Dice revenue of INR 15 crore to INR 16 crore in FY2027, up from INR 12 crore. Further private fundraising rounds for Dice are not expected.
Use Clay to Get Funding Data
Sales professionals, leverage Clay's platform to access comprehensive fundraising data on companies like Dice and gather other critical business insights. Sign up for free to start enhancing your sales strategies today.
