In January 2012, General Atlantic invested $104m in the firm for a minority stake in a deal where Mayfield Fund exited from the company.
Valiant Capital Partners invested $40m in the Mumbai-based firm through debentures in 2010.
The company had earlier raised private equity investments from India Equity Partners, IFC and Eredene Capital and the latest deal involved a secondary component.
Ocean Sparkle counts among its investors India Equity Partners, International Finance Corporation and Eredene Capital.
The deal would give Jet Airways a post money valuation of around $1.7 billion, more than twice its current market cap.
Return backers Mayfield Fund and Nexus India Direct Investments (II) (Nexus) have also participated in the fresh round of funding.
India is open to further reforms to lure overseas investors, after a dearth of interest following changes to investment rules left Vijay Mallya-led Kingfisher and other airlines still short of much-needed funds.
Bulk of the money raised from the deal may go for revoking promoters pledged shares of United Spirits and to public listed group firm United Breweries (Holdings).
IndiGo also claims to have the highest 95.3% on-time performance record and the lowest number of complaints per passenger.
Deutsche Post DHL's express delivery unit DHL plans to invest €100M in India over the next couple of years to set up new warehouses and transport facilities, a senior official said on Tuesday.
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