Fintech startup AxiTrust has raised ₹23.5 crore in its seed funding round led by General Catalyst with participation from Atrium Angels, YAN Network, Supermorpheous, and a set of prominent angel investors.
The Gurugram-based startup plans to deploy the capital to build India’s digital infrastructure for surety bonds, enabling large-scale adoption of insurance-backed trust solutions across banking, insurance, and procurement ecosystems.
Founded in 2024 by Aditya Tulsian, Rajeev Chari, and Mukund Daga, AxiTrust is developing a technology-driven platform that transitions stakeholders away from traditional collateral-heavy bank guarantees toward digital, insurance-backed surety solutions — unlocking liquidity and reducing friction in business transactions.
AxiTrust brings together expertise across fintech, insurance, and risk management to support India’s MSME economy, where access to credit and trust enforcement remain key challenges. By partnering with leading insurers and financial institutions, the startup aims to build a scalable trust architecture across government and private supply chains.
Surety bonds — widely adopted globally — provide a powerful alternative to bank guarantees, enabling businesses to operate with greater liquidity, expanded credit access, and stronger assurance of contractual performance.
“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,”
— Aditya Tulsian, CEO & Co-founder, AxiTrust
As the digital infrastructure layer for the emerging surety economy, AxiTrust enables banks, insurers, and procurement platforms to deploy surety-backed solutions securely, at speed, and at scale — helping unlock inclusive economic growth.
