Times Internet, a unit of India-based media conglomerate The Times Group, is reported to have invested an undisclosed amount in US-based travel business news and data provider Skift.com.
The company plans to expand its data services, build its sales infrastructure and increase its workforce.
Previously, in May 2013, Skift raised seed funding of $1.1m, led by seed stage venture capital firm Lerer Ventures, with participation from seed funds Ironfire Angel, MESA+, Advancit Capital and Growlabs/LX Ventures. Skift raised an earlier seed round of $500,000 in 2012, supported by angel investors.
Skift was founded by Rafat Ali in July 2012.