According to him, the company will also be augmenting its technology team and increase its focus on its mobile strategy.
"There's a lot of work that has to be done, as we look to enter untapped markets," said Kashyap.
See Ibibo photos and images from satellite below, explore the aerial photographs of Ibibo in Tanzania.
Ibibo hotels map is available on the target page linked above.
The other stakeholders in Ibibo Group are Chinese internet giant Tencent and Ashish Kashyap, founder and chief executive of the company.
Tencent, however, has not participated in the latest round of funding.
Ibibo, which acquired online bus services red Bus for about 0 million in 2013, will use the proceeds to penetrating further into the hotels segment, as well as to further build its technology platform.
In June last year, the South African investor diluted its stake in Flipkart to 15.83% from 16.6% on a fully diluted basis, for a net gain of 1.5 billion rand (around 0.4 million at December exchange rates).
"With this investment, I think it's pretty clear that Naspers has decided to focus on Ibibo, than anyone else in India.
"This is the single most significant investment made by Naspers in Ibibo, and having practically been in stealth mode over the past two years, while executing both, organic and inorganic growth, we see a massive opportunity in the space," Kashyap told ET.
The investment also comes a little over a month after Deep Kalra-led Make My Trip announced that it had raised 0 million (Rs 1,235.4 crore) from Chinese online travel major CTrip.com, a transaction, which has been made via five-year convertible bonds, and which will, upon conversion, see the Chinese major own about 15%-16% of Make My Trip. There is going to be a shakeup, and fair amount of consolidation.