Funding
AxiTrust raises Rs 23.5 crore in seed round led by General Catalyst
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AxiTrust, a fintech startup building digital infrastructure for surety bonds, has raised Rs 23.5 crore in a seed funding round led by General Catalyst.
The round, which also saw participation from Atrium Angels, YAN Network, and Supermorpheous, comes at a time when surety bonds are beginning to see wider adoption in India, according to cofounder Aditya Tulsian.
He said the total risk covered through surety bonds has grown from Rs 5,000 crore in April 2024 to Rs 60,000 crore in September 2025.
Surety bonds are insurance-backed alternatives to bank…
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