Dovetail Capital Secures Rs 100 Crore in Series A Funding

Dovetail Capital has successfully raised Rs 100 crore in a combination of primary and secondary funding during a Series A financing round led by Elev8 Venture Partners. The firm stated that the funds will be allocated towards the expansion of its global operations.

About Dovetail Capital

Founded in 2017 by Dev Sampat, Mahesh Shekdar, and Vivek Singhania, Dovetail Capital functions as an independent asset servicing firm. The company delivers third party fund management, fund administration, derivative clearing, investment advisory, and compliance services to various clients, including foreign portfolio investors, alternative investment funds, family offices, insurers, mutual funds, and algorithmic funds.

Global Presence and Regulation

Based in Mumbai, Dovetail Capital also operates in GIFT City and has regulatory entities in various international locations, including Mauritius, Dubai (DIFC), and Singapore. The firm is governed by multiple financial regulatory authorities, such as the International Financial Services Centres Authority (IFSCA), the Securities and Exchange Board of India (SEBI), and the Dubai Financial Services Authority (DFSA).

Market Insights

Recent market research reports that the mutual fund average assets under management (AAUM) reached Rs 83.5 trillion as of May 2026, indicating robust growth in the sector.

Partnering with Elev8 Venture Partners

Elev8 Venture Partners, established by Navin Honagudi in 2022, is a venture investment firm that focuses on supporting category-leading technology companies across India. This firm is actively investing in high-growth sectors, including fintech, consumer products, SaaS, mobility, and enterprise technology.