Veloce Fintech, a part of the Lemon Group, had launched its SEBI-registered Category-II Alternative Investment Fund (AIF), the Veloce Opportunities Fund.
The fund has successfully crossed ₹140 crores in commitments, including a ₹40 crore green shoe option, aiming for a total target corpus of ₹200 crores, which will be closed in the next few months. Out of the ₹140 crores in commitments, total drawdown & deployment has crossed ₹100 crores.
Focused on providing venture debt and pre-IPO funding to MSMEs, the fund aims to bridge the gap between growth capital requirements and structured investment opportunities.
Founded by Lemon Group, led by Nirav Jogani, a Chartered Accountant with over 27 years of expertise in finance and investment, Veloce Fintech specializes in connecting ARCs, Real Estate Developers, MSMEs and startups with institutional lenders and investors. The Fund, managed by a team of experts, leveraging their extensive experience and industry insights, strives to drive long-term growth for its portfolio companies while generating consistently high returns for the fund investors.
Targeting over 20 companies, the Veloce Opportunities Fund seeks businesses with clear growth trajectories, robust governance practices, and scalable models. Using a sector-agnostic approach, it supports enterprises in diverse fields such as manufacturing, technology, real estate, healthcare, and services. The fund leverages a systematic process, combining deep financial expertise with technology-driven analysis, to identify promising companies. Companies are shortlisted based on a rigorous evaluation framework, which includes financial performance metrics, innovation capabilities, and market potential.
The fund targets a return of 18+%. With its focus on debt, regular interest income, and quicker cash flows from investments, the fund anticipates a higher level of consistency in payouts, coupled with lower volatility of returns.
Nirav Jogani, Founder of Veloce Fintech said, “With the Veloce Opportunities Fund, we are addressing a critical gap in the market by providing MSMEs with venture debt and pre-IPO funding that supports their growth journeys. Our approach combines rigorous evaluation and a technology-driven tracking mechanism to ensure we identify businesses that align with our focus on scalability and sustainability. The ₹140 crore milestone, including the ₹40 crore green shoe option, demonstrates the strong support from our investors and our commitment to creating a diversified portfolio that drives innovation across sectors such as manufacturing, healthcare, technology, and services.”
“By leveraging our centralized investment dashboard, we are ensuring unparalleled transparency and efficiency for our investors, offering real-time updates and insights into fund performance. This structured and data-driven approach enables us to unlock value not only for our stakeholders but also for India’s dynamic entrepreneurial ecosystem, which is poised for significant growth in the coming years,” he added.
