Fund services firm Dovetail Capital attracts Rs.100-Cr from Elev8

Mumbai-based fund services firm Dovetail Capital has attracted INR 100 crore in equity funding from Elev8 Venture Partners in its first institutional funding round. While INR 70 crore is in the form of primary capital, INR 30 crore went to purchasing shares from existing stakeholders.Founded in 2017 by Mahesh Shekdar, Dev Sampat and Vivek Singhania, Dovetail Capital has operations spanning Mumbai, GIFT City, Dubai, and Singapore. The firm specializes in investment management, fund administration and advisory services.