AxiTrust, a fintech startup, has raised ₹23.5 crore in a seed funding round led by General Catalyst. The round also saw participation from other marquee investors and angels, including Atrium Angels, YAN Network, Supermorpheous and others.
The funds raised will be used to build the digital infrastructure that will power the large-scale adoption of surety bonds across India’s banking, insurance, and procurement ecosystem.
Founded in 2024 by Aditya Tulsian, Rajeev Chari and Mukund Daga, AxiTrust is building the digital rails connecting insurers, financial institutions, and government procurement platforms, enabling seamless issuance, underwriting, and management of surety bonds that replace traditional bank guarantees.
The company serves as the infrastructure enabler of this new surety economy, helping banks, insurers, and platforms deploy surety-backed solutions securely, at speed, and at scale.
It combines deep expertise in fintech, insurance, and risk management to create a scalable trust layer for India’s MSME ecosystem. The platform partners with leading insurers, financial institutions, and policy stakeholders to advance the adoption of surety bonds and drive inclusive economic growth.
Aditya Tulsian, CEO and Co-Founder, AxiTrust, said, “The story of India’s MSME financing reform is now about execution. For decades, access to growth capital has been held back by the rigidity of collateral. Surety bonds mark a paradigm shift, enabling liquidity to flow freely through the economy. This is about building a new trust architecture for India’s financial system, one that expands opportunities for MSMEs to increase participation across Government and private supply chains.”
Aakanksha Sharma, Principal at General Catalyst, said, “AxiTrust is addressing a fundamental gap in India’s financial ecosystem – the need for a scalable trust infrastructure for MSMEs. We see this as a defining moment in India’s fintech evolution. With strong policy tailwinds, digital readiness, and a team that deeply understands MSME financing, we believe AxiTrust is well-positioned to build the foundation for a new financial category.”
