Veloce Fintech Launches Second Rs 300 Crore Fund to Back MSMEs, Startups

Financial services firm Veloce Fintech has launched its second SEBI-registered Category-II Alternative Investment Fund under the Veloce Opportunities strategy, with a target corpus of Rs 300 crore including a green shoe option. The fund said it has already secured commitments of over Rs 100 crore from family offices, ultra HNIs and business groups and would continue to support growth-stage MSMEs and startups across multiple sectors through structured credit and venture debt.

The second fund will provide cheque sizes in the range of Rs 3 crore to Rs 15 crore, supporting working capital, capex, and pre-IPO financing, targeting 20-25 businesses in technology-enabled services, manufacturing, healthcare, supply chain, consumer-focused industries, and real estate over the next two years.

“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,” said Nirav Jogani, Founder, Veloce Fintech.

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Veloce’s first Veloce Opportunities Fund achieved commitments of Rs 200 crore including a Rs 100 crore green-shoe option and has been fully deployed across manufacturing, technology, electric mobility, real estate, NBFCs and healthcare services. The company said the first fund’s portfolio has begun delivering scheduled repayments and structured distributions.

With private debt gaining depth in India and MSMEs continuing to face structured-capital constraints, the company said it aims to bridge the scale-up financing gap through risk-managed deployment and cashflow-based structures.

According to a NITI Aayog report released in May this year on enhancing the competitiveness of MSMEs, the share of micro and small enterprises accessing credit between 2020 and 2024 through scheduled banks rose from 14 per cent to 20 per cent, while medium enterprises saw an increase from 4 per cent to 9 per cent. Despite these improvements, the report revealed that a substantial credit gap remains.

As per SIDBI, timely and adequate credit access is one of the key challenges for the MSME sector, which has an addressable credit gap of around Rs 30 lakh crore despite increasing credit supply.