India, March 28 -- Mumbai-based fintech startup axiTrust Surety is raising INR 22 Cr (about $xx Mn) in its seed round led by US-based VC firm General Catalyst.

As per the startup's regulatory filings, the seed funding round will also see participation from Veltis Capital, Good Capital, AngelList, among others.

A mail sent to axiTrust cofounders Aditya Tulsian and Mukund Daga didn't elicit any response till the time of publishing this story.

Founded in 2024 by former numberz cofounders Tulsian and Rajeev Chari, and Daga, who was the former head of credit solutions at AON India, axiTrust offers micro surety bonds to micro, small and medium enterprises (MSMEs).

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