BillClap raises its pre-seed round of funding from IIM Lucknow

• ByStartupStory     |    June 13, 2022

BillClap, a SaaS startup focused on the SMB segment that offers a variety of business functionality solutions, has received an undisclosed pre-seed funding round from IIM Lucknow’s incubator. 

BillClap will use this capital to expand its merchant customer acquisition, particularly in Tier II and III cities. The startup currently has a presence in nine cities and plans to expand to ten more. It intends to reach 100 locations within the next year. 

BillClap is useful for retailers, wholesalers, distributors, traders, service providers as well as startups. BillClap is a tool for SMEs that provides general accounting, GST invoicing, expense management, bahikhata, and stock management. 

BillClap is a group of technopreneurs with a combined experience of more than 50 years in the digital technology industry. They want to be India’s number one digital accounting software for all small and medium-sized businesses. Their mission is to reduce accounting costs for every startup and MSME and to make every Indian entrepreneur aatmnirbhar. They want to provide the right tools and platform to more than 75 million SMEs so that they can focus on providing the best services to their clients rather than worrying about their accounting needs. Their efforts are aimed at reducing the middle layer of an accountant who specialises in running a business.

Gaurav Gupta, Founder of BillClap said that the name of the company’s product is BillClap, and the first version of our MVP was made live on September 29, 2021, and had more than 24,000 registrations with more than one million products already added in the 23,000+ ‘Digital Dukaans’ created by merchants.

Follow Startup Story