Fund News
Veloce Fintech launches second fund; aims to raise Rs.300-Cr
Surat-based Veloce Fintech , the fintech arm of Lemon Group, has launched its second fund targeting a corpus of INR 300 crore. The fund aims to back micro, small, and medium enterprises (MSMEs) and startups and has already raised over INR 100 crore in commitments from ultra-high-net-worth individuals, family offices, and business groups.The new fund plans to invest in 20-25 companies by 2026, with cheque sizes ranging from INR 3 crore to INR 15 crore. It will focus on businesses across technology, manufacturing, healthcare, supply chain, consumer, and real-estate-linked sectors. These investments are intended to bridge working capital needs, capital expenditure, and pre-IPO financing for companies.This second fund follows the complete deployment of Veloce Fintech's first fund, which had received commitments of INR 200 crore, including a green shoe option of INR 100 crore. The new fund will maintain a process-driven investment framework, supported by technology-enabled portfolio monitoring and governance checks, to provide capital to growing businesses.
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