Travelocity had acquired Travelguru, which has a portfolio of 6,500 hotels in India and 72,000 hotels worldwide, in 2009.

News provider Nikkei had earlier said SingTel would take 12% with Mitsui taking 19%.

Series C round comes in at a $4bn valuation.

After launching with phonemaker Nokia, Indiatimes, which had been working with Delhivery for 11 months prior to the investment, plans to launch branded commerce stores in August.

Kyriba is the majority shareholder of Kyriba Japan, with local venture investor and services corporation SunBridge, and angel investors Marc Benioff (chief executive of software provider Salesforce) and Steve Singh (chairman of Concur) as minority direct investors.

News provider Financial Times (FT) said Fosun had approached sovereign wealth funds among others to be its partner as it hunts for deals in the consumer, financial services, green energy and healthcare sectors.