Dovetail Capital is an independent asset servicing firm founded in 2017 that offers third-party fund management (TPFM), fund administration, derivative clearing, investment advisory, and compliance services. Its clients include foreign portfolio investors, alternative investment funds, family offices, insurers, mutual funds, and algorithmic funds. The firm is headquartered in Mumbai, operates in GIFT City, and maintains regulated entities in Mauritius, Dubai (DIFC), and Singapore. It is regulated by the International Financial Services Centres Authority (IFSCA), the Securities and Exchange Board of India (SEBI), and the Dubai Financial Services Authority (DFSA). Dovetail raised Rs 100 crore in a Series A mix of primary and secondary funding led by Elev8 Venture Partners and said it will use proceeds to expand its global business. Elev8 Venture Partners was founded in 2022 by Navin Honagudi and focuses on growth-stage investments across sectors including fintech, consumer, SaaS, mobility, and enterprise technology.

Total raised

$11M

Funding rounds

1

Latest round

Series A

Latest activity

Jul 2026