Veloce Fintech’s Venture Debt Fund For MSMEs Raises INR 140 Cr

Veloce Fintech’s Venture Debt Fund For MSMEs Raises INR 140 Cr

SUMMARY

Veloce Opportunities Fund, a Category-II AIF, has secured INR 140 Cr in commitments, with INR 100 Cr already drawn down and deployed

The fund offers venture debt and pre-IPO funding to MSMEs with ticket sizes ranging from INR 1 Cr to INR 20 Cr, targeting an 18% return

The fund aims to reach its INR 200 Cr target corpus by March 2025, maintaining a sector-agnostic approach to support over 20 companies

Veloce Fintech, a part of the Lemon Group, has raised INR 140 Cr ($16.22 Mn) for its SEBI-registered Category-II Alternative Investment Fund (AIF) Veloce Opportunities Fund.

The fund has deployed INR 100 Cr out of the total commitments, which includes a INR 40-Cr greenshoe option. It aims to reach its target corpus of INR 200 Cr ($23.14 Mn) by March.

“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,” Nirav Jogani, founder of Veloce Fintech, told Inc42.

The fund’s ticket size ranges from INR 1 Cr to INR 20 Cr, varying based on the investment opportunity and type of funding, Jogani told Inc42. He added that the fund maintains a sector-agnostic approach with no specific industry allocations.

The fund targets an 18% return, focussing on generating consistent payouts through regular interest income and quicker investment cash flows.

“By leveraging our centralized investment dashboard, we are ensuring unparalleled transparency and efficiency for our investors,” Jogani told Inc42.

The fund primarily draws investments from HNIs and NRIs, though specific investor identities remain undisclosed due to their non-public status.

Founded by Jogani, a chartered accountant with over 27 years of finance expertise, Veloce Fintech specializes in connecting ARCs, real estate developers, MSMEs and startups with institutional lenders and investors.

The fund aims to engage with more than 20 companies, evaluating them based on growth trajectories, governance practices, and scalable business models.

This development comes amid increased activity in India’s alternative investment fund space.

Last week, Venture capital firm Eximius Ventures launched its second fund with a target corpus of $30 Mn. Earlier this month, Andhra Pradesh launched ‘Telugu Angels’, an angel fund aimed at empowering Telugu entrepreneurs to build and scale ventures globally.

In December 2024, Warmup Ventures floated its second fund with a target corpus of INR 300 Cr to focus on deeptech, climate and sustainability startups. The fund plans to back 25-30 early-stage startups with ticket sizes of INR 5-7 Cr.

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