PE-VC Fund Investments
Digital surety bonds-focused fintech co. axiTrust raises Rs.23.5 Cr led by General Catalyst
Gurugram-based fintech axiTrust has raised INR 23.5 crore (USD 2.6 million) in a seed round led by General Catalyst with participation from Atrium Angels, YAN Network, Supermorpheous, and others.Founded in 2024 by Aditya Tulsian (CEO), Rajeev Chari (COO), and Mukund Daga (CRO), axiTrust issues, underwrites, and manages digital surety bonds, which offer an alternative to traditional, collateral-heavy bank guarantees.The company intends to use the capital to develop comprehensive digital infrastructure that will accelerate the adoption of surety bonds across India’s banking, insurance, and procurement sectors.
In Feb-25, Axi trust had attracted about USD 2.69 M from General Catalyst Partners, Good Capital, Veltis Capital, and others.
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