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MakeMyTrip has strengthened its ground transportation portfolio by acquiring a majority stake in shared mobility platform Quick Ride. The move marks the online travel company's entry into the daily commute segment while expanding its presence in ride-pooling and other transportation services. Headquartered in Bengaluru, Quick Ride operates an asset-light platform that connects commuters travelling along similar routes for shared rides.
With a focus on daily office commutes, the platform also partners with corporates, IT parks and business campuses through an enterprise-led model. As part of an internal restructuring, Quick Ride's brand and ride-pooling business have been transferred to a new entity, Co Ride Mobility Private Limited, in which MakeMyTrip has acquired a majority stake. Quick Ride's existing promoters will continue to manage the business, while its earlier electric vehicle taxi operations will remain with the predecessor entity, iDisha Info Labs Private Limited.
Rajesh Magow, Co-Founder and Group Chief Executive Officer, MakeMyTrip said, “As part of our expansion strategy, we have pursued selective strategic partnerships, investments and acquisitions that complement and strengthen our existing business and expand the breadth and depth of our offerings. Ride pooling gives us a presence in high-frequency daily commutes within cities, as well as intercity travel. We are excited to be part of the ride-sharing ecosystem, which has the potential to help ease traffic congestion by enabling more people to share their daily journeys. Quick Ride will be housed under our ground transport business, and we will bring the learnings from building redBus, both in India and in overseas markets, to grow and scale the business.”
Prakash Sangam, CEO of redBus and Head of Ground Transport at MakeMyTrip said, “Our acquisition of Quick Ride’s ride pooling business is a strategic fit, expanding our offering across a wider range of travel needs. We see an opportunity to jointly serve the same customer across more of their journeys, from the daily office commute to the weekend trip home.”
KNM Rao, Founder and CEO of Quick Ride said, “We built Quick Ride to make it easier for people to connect and share their everyday journeys. Becoming part of the MakeMyTrip group is an important milestone for our team and for the community of users who have placed their trust in us. We look forward to drawing on MakeMyTrip’s reach and experience in travel to further scale the business.”
Over the years, MakeMyTrip has diversified its travel services through a series of acquisitions and strategic investments. Its portfolio includes Savaari in car rentals, Happay in corporate travel and expense management, Flamingo Transworld in regional group holidays, and a strategic minority investment in visa processing platform Atlys. The addition of Quick Ride brings ride pooling into this portfolio, broadening MakeMyTrip's ground transportation offerings beyond conventional travel bookings to cover daily commuting and shared mobility.
