MakeMyTrip Acquires Majority Stake In Quick Ride To Enter Ride Pooling

Traveltech giant MakeMyTrip has bolstered its mobility portfolio by acquiring a majority stake in Bengaluru-based Quick Ride, a ride-sharing platform. The acquisition, made for an undisclosed sum, will enable MakeMyTrip to enter the ride pooling segment, complementing its existing ground transportation offerings. As part of the deal, Quick Ride's brand and business will transfer to Co Ride Mobility Private Limited, a newly created entity where MakeMyTrip holds a majority stake.

Quick Ride's founders will retain leadership, while the company's EV taxi business will stay with its parent, iDisha Info Labs Pvt Ltd. Founded in 2014, Quick Ride provides a ride-sharing app connecting passengers with similar destinations, serving cities across India. The startup has secured over $14 million in funding from investors such as Sequoia, Prosus, and Venture Highway (with Sequoia exiting in 2021).

MakeMyTrip's CEO, Rajesh Magow, highlighted that the acquisition will bolster the company's intra-city and intercity travel services. The travel-tech firm plans to utilize its expertise in building platforms like redBus to scale Quick Ride's ride-pooling business. In recent years, MakeMyTrip has expanded through strategic investments, acquiring Savaari for car rentals, Happay for corporate travel, and Flamingo Transworld for regional holiday packages.

The company has also made a minority investment in the visa processing platform Atlys. As MakeMyTrip seeks to broaden its presence in the travel value chain beyond conventional bookings, this acquisition underscores its commitment to diversifying its services and strengthening its position in India's transportation ecosystem.