Veloce Fintech, part of the Lemon Group, has launched its second SEBI-registered Category-II Alternative Investment Fund under the Veloce Opportunities strategy, with a target corpus of ₹300 crore (including green shoe option). The fund has already secured commitments of over ₹100 crore from family offices, UHNIs, and business groups – the first close happening within days of the launch at ₹90 crores. This second fund follows the full deployment of Veloce’s first fund, which supported growth-stage MSMEs and startups across multiple sectors through structured credit and venture debt.
The second fund will continue this disciplined credit-led approach, focusing on companies with established revenue models, governance discipline, and expansion plans. It will provide cheque sizes in the range of ₹3 crore to ₹15 crore, supporting working capital, capex, and pre-IPO financing. Target sectors include technology-enabled services, manufacturing, healthcare, supply chain, consumer-focused industries, and real-estate-linked businesses. The fund aims to invest in 20–25 companies over the next two years.
Speaking on the launch, Nirav Jogani, Founder, Veloce Fintech, said, “With this second fund, we are continuing to build a structured capital platform that supports businesses with predictable growth and disciplined execution. Our first fund validated this approach, with portfolio companies demonstrating consistent operating performance and timely repayments, reinforcing the value of structured credit for expanding businesses. Our focus remains on companies with strong fundamentals, transparent operating cycles, and measurable cashflows, particularly MSMEs and emerging enterprises preparing to scale or enter the public-market ecosystem.”
“As we build our second fund deployment strategy, we will maintain a process-driven investment framework supported by technology-enabled portfolio monitoring and governance checks. Our aim is to provide efficient, responsible capital to growing businesses while ensuring consistency and transparency for our investors.” he added.
Veloce’s first Veloce Opportunities Fund achieved commitments of ₹200 crore (including a ₹100 crore green-shoe option) and has been fully deployed across manufacturing, technology, electric mobility, real estate, NBFCs and healthcare services. The portfolio has begun delivering scheduled repayments and structured distributions, demonstrating the stability and predictability of the firm’s credit-focused model.
With private debt gaining depth in India and MSMEs continuing to face structured-capital constraints, Veloce aims to bridge the scale-up financing gap through risk-managed deployment and cashflow-based structures. Deployment of the second fund will continue through 2026.