Dovetail Capital, an independent asset-servicing firm that provides fund administration, compliance and investment infrastructure to institutional investors, has raised Rs 100 crore in a Series A funding round led by growth-stage investment firm Elev8 Venture Partners.
The round, which includes a mix of primary and secondary capital, marks Dovetail’s first institutional fundraise since the company was founded in 2017.
The fresh capital will be used to expand its global business as demand grows for independent financial infrastructure serving cross-border investors.
Founded by Dev Sampat, Mahesh Shekdar and Vivek Singhania, Mumbai-based Dovetail Capital offers fund administration, derivative clearing, third-party fund management, investment advisory and compliance services to foreign portfolio investors, alternative investment funds, insurers, family offices and mutual funds.
It has built a significant presence in GIFT City, while also operating regulated entities in Mauritius, Dubai International Financial Centre and Singapore.
