Veloce Opportunities Fund, a SEBI-registered Category-II Alternative Investment Fund (AIF) launched by Surat-based Veloce Fintech, has surpassed Rs. 140 crore in commitments, including a Rs. 40 crore green shoe option.

The fund is part of the Lemon Group and is aiming for a total corpus of Rs. 200 crore, which it plans to close in the coming months, according to a company statement.

The fund focuses on providing venture debt and pre-IPO funding to Micro, Small, and Medium Enterprises (MSMEs), addressing the gap between their growth capital needs and structured investment opportunities.

Nirav Jogani, Founder of Veloce Fintech, stated, “With the Veloce Opportunities Fund, we are tackling a critical market gap by offering MSMEs the venture debt and pre-IPO funding they need to support their growth.”

The fund targets investments in over 20 companies, seeking businesses with clear growth prospects, strong governance, and scalable models. It is sector-agnostic, supporting companies across industries like manufacturing, technology, real estate, healthcare, and services.

The company noted that the fund employs a tech-driven, systematic approach to assess financial performance, innovation, and market potential when identifying high-potential businesses.

The Veloce Opportunities Fund aims for returns exceeding 18%, and with a focus on debt, it expects to provide more consistent payouts and lower volatility. The company also highlighted it's centralized investment dashboard, which offers real-time performance updates, ensuring transparency and efficiency for investors.

“This structured, data-driven approach helps unlock value for stakeholders and supports India’s growing entrepreneurial ecosystem,” said Jogani.