Highlights
Veloce Fintech Launches Veloce Opportunities Fund
Veloce Fintech, part of the Lemon Group, has officially introduced its SEBI-registered Category-II Alternative Investment Fund (AIF), named the Veloce Opportunities Fund.
According to Veloce, the fund has successfully garnered commitments exceeding Rs 140 crore, which includes a Rs 40 crore green shoe option. The fund has a total target corpus of Rs 200 crore and is expected to close in the coming months. From the commitments made, total drawdown and deployment have surpassed Rs 100 crore.
Investment Focus and Goals
The fund is centered on offering venture debt and pre-IPO funding to MSMEs. Its primary goal is to bridge the gap between the need for growth capital and structured investment options.
About Veloce Fintech
Established by the Lemon Group and led by Nirav Jogani, Veloce Fintech excels in linking Asset Reconstruction Companies (ARCs), real estate developers, MSMEs, and startups with institutional lenders and investors. The fund is managed by a team of seasoned professionals who utilise their extensive experience and industry insights to foster long-term growth for its portfolio companies while delivering consistent high returns for investors.
Investment Strategy
The Veloce Opportunities Fund aims to target over 20 companies, focusing on businesses that demonstrate:
- Clear growth trajectories
- Robust governance practices
- Scalable models
Using a sector-agnostic strategy, the fund supports companies across various sectors, including:
- Manufacturing
- Technology
- Real estate
- Healthcare
- Services
Evaluation and Returns
The fund applies a systematic approach that merges in-depth financial expertise with technology-driven analysis to pinpoint promising companies. Enterprises are shortlisted based on a comprehensive evaluation framework, encompassing:
- Financial performance metrics
- Innovation capabilities
- Market potential
The fund is targeting a return of over 18%. By emphasising debt, regular interest income, and faster cash flow from investments, it anticipates maintaining a higher consistency in payouts, alongside minimising return volatility.