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Nirav Jogani, Founder of Veloce Fintech
Veloce Fintech, a subsidiary of the Lemon Group, has launched the Veloce Opportunities Fund, a SEBI-registered Category II Alternative Investment Fund (AIF) designed to offer venture debt and pre-IPO funding to micro, small and medium enterprises.
Based in Surat, Veloce Fintech has already secured commitments worth more than Rs 140 crore, including a Rs 40 crore green shoe option.
The firm aims for a total corpus of Rs 200 crore, which is expected to close in the coming months. Of the Rs 140 crore raised, the total drawdown and deployment has already crossed Rs 100 crore.
New fund surpasses Rs 140 crore in commitments
Veloce Fintech said a mix of high-net-worth individuals, non-resident Indians and corporate entities have contributed to the fund’s success.
It was oversubscribed by 2.7 times, reflecting strong market confidence in Veloce’s plan to bridge the gap between growth capital requirements and structured investment opportunities.
The fund’s systematic approach, which combines financial expertise and technology-driven analysis, has already attracted interest from investors eager to take up the full stake on offer.
Focus on venture debt and pre-IPO funding
The Veloce Opportunities Fund has set its sights on investing in more than 20 companies across various industries such as manufacturing, technology, real estate, healthcare and services.
By providing venture debt and pre-IPO funding, the fund aims to support businesses that show clear growth trajectories, strong governance standards and scalable models. This model is designed to help emerging enterprises in India secure the capital they need to expand.
Sector-agnostic approach for long-term growth
Although the fund adopts a sector-agnostic strategy, it emphasizes robust due diligence that includes evaluating financial performance metrics, innovation capacity and market potential.
Veloce Fintech expects to deliver returns of more than 18% by leveraging consistent interest income and faster cash flows associated with debt investments. This structure is intended to provide higher stability in payouts and lower volatility for investors.
Leadership comments
Veloce Fintech was founded by the Lemon Group and is led by industry veteran Nirav Jogani, who said the fund addresses a crucial market gap for MSMEs.
“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,” said Jogani.