Billing software provider BillClap raises funding from IIM Lucknow

Gurugram-based billing software app BillClap, focused on the small and medium-sized business (SMB) segment, has raised pre-seed funding from IIM Lucknow's incubator. BillClap will use this capital for scaling the acquisition of merchant customers from Tier II and Tier III cities. The startup provides business functionality solutions and has a presence in nine cities. It aims to reach 100 locations in the next year.