Fintech AxiTrust raises INR 23.5Cr led by General Catalyst

AxiTrust, a fintech startup, raised ₹23.5 crore in seed funding led by General Catalyst to modernize India’s surety bond market. Founded by Aditya Tulsian, Rajeev Chari, and Mukund Daga, it replaces bank guarantees with digital, insurance-backed bonds, boosting liquidity and trust. Partnering with insurers and lenders, AxiTrust empowers MSMEs with scalable, secure surety solutions in public and private supply chains.