Lemon Group’s Veloce Fintech to launch Rs 300 Cr fund for MSMEs, startups
The fund has already secured over Rs 100 crore in commitments from ultra-high-net-worth individuals, family offices, and business groups.
Veloce Fintech, the fintech arm of Lemon Group, has launched its second fund to back micro, small, and medium enterprises (MSMEs) and startups. The new fund has a target corpus of Rs 300 crore.
According to the firm, it has already received over Rs 100 crore in commitments from ultra-high-net-worth individuals, family offices, and business groups.
Veloce Fintech’s new fund will look to back 20–25 companies across technology, manufacturing, healthcare, supply chain, consumer, and real-estate-linked sectors by 2026. The firm will write cheques ranging from Rs 3 crore to Rs 15 crore.
“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 cash flows, particularly MSMEs and emerging enterprises preparing to scale or enter the public-market ecosystem,” said Nirav Jogani, Founder of Veloce Fintech, in a statement.
The firm’s second fund follows the complete deployment of its first fund, which invested in growth-stage MSMEs and startups across segments through structured credit and venture debt.
Following the thesis of the first fund, the new fund will focus on companies with established revenue models, governance discipline, and expansion plans. It will look to bridge working capital needs, capital expenditure, and pre-IPO financing.
Veloce Fintech’s first fund had received commitments of Rs 200 crore, including a Rs 100-crore green shoe option. According to the firm, its portfolio has already begun delivering scheduled repayments and structured distributions.
“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,” Jogani added.
Edited by Kanishk Singh