Veloce Opportunities Fund, a SEBI-registered category-II alternative investment fund (AIF) by Surat-based Veloce Fintech has crossed Rs 140 crore in commitments, including a Rs 40 crore green shoe option, from HNIs, NRIs and corporate entities, the company said on Tuesday. Aiming for a target corpus of Rs 200 crore, which is likely to be closed in the next few months, Veloce said the fund offers venture debt and pre-IPO funding to MSMEs to bridge the gap between growth capital requirements and structured investment opportunities.
Out of the Rs 140 crore in commitments, the total drawdown and deployment has crossed Rs 100 crore. Targeting over 20 companies, the fund seeks businesses with 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 is targeting a return of over 18 per cent and a higher level of consistency in payouts with lower volatility of returns from the fund given its pre-ponderance on debt, regular interest income and quicker cash flows from investments.
Speaking on the new fund, Nirav Jogani, Founder of Veloce Fintech said it addresses a critical gap in the market by providing MSMEs with venture debt and pre-IPO funding that supports their growth journeys.
“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.
Founded by Lemon Group, Veloce Fintech specializes in connecting ARCs, real estate developers, MSMEs and startups with institutional lenders and investors.