India, Jan. 28 -- Veloce Fintech, a part of the Lemon Group, has raised INR 140 Cr for its SEBI-registered Category-II Alternative Investment Fund (AIF) Veloce Opportunities Fund.

The fund has deployed INR 100 Cr out of the total commitments, which includes a INR 40-Cr greenshoe option. It aims to reach its target corpus of INR 200 Cr by March.

"With the Veloce Opportunities Fund, we are addressing a critical gap in the market by providing MSMEs with venture debt and pre-IPO funding that supports their growth journeys," Nirav Jogani, founder of Veloce Fintech, told Inc42.

The fund's ticket size ranges from INR 1 Cr to INR 20 Cr, varying based on the investment opportunity and type of funding, Jogani told Inc42. He added that the fund m...