MakeMyTrip Enters Shared Mobility Segment with Majority Stake in Quick Ride

MakeMyTrip has acquired a majority stake in Quick Ride, a technology-led ride-pooling platform. The acquisition marks MakeMyTrip's entry into the shared mobility and ride-pooling segment.

About Quick Ride
- Bengaluru-based Quick Ride is an asset-light shared mobility platform.
- It connects commuters travelling on similar routes, enabling affordable and efficient ride-sharing.
- The platform also has strong partnerships with corporates, IT parks, and business campuses.

Business Restructuring
- Quick Ride's ride-pooling business is now housed under Co Ride Mobility Private Limited.
- MakeMyTrip has acquired the Quick Ride brand and a majority stake in this new entity.
- Quick Ride's promoters will continue to manage and operate the business.
- The company's EV taxi business will remain with its predecessor entity, iDisha Info Labs Private Limited.

Strategic Fit for MakeMyTrip
- The acquisition complements MakeMyTrip's existing ground transportation portfolio.
- It expands the company's presence beyond long-distance travel into daily urban commuting and intercity ride-sharing.

Leadership Comments
- Rajesh Magow, Co-Founder & Group CEO, said the move supports MakeMyTrip's strategy of building complementary travel services and helping reduce traffic congestion through ride-sharing.
- Prakash Sangam, CEO of redBus and Head of Ground Transport, highlighted the opportunity to serve customers across a wider range of travel needs, from daily commutes to weekend trips.
- KNM Rao, Founder & CEO of Quick Ride, said the partnership will help accelerate growth by leveraging MakeMyTrip's scale and travel expertise.

Strengthening Ground Transport Portfolio
- The acquisition adds to MakeMyTrip's previous investments and acquisitions, including:
- Savaari (car rentals)
- Happay (corporate travel and expense management)
- Flamingo Transworld (group holidays)
- Atlys (visa processing)

Key Takeaway
- By acquiring Quick Ride, MakeMyTrip is expanding into the growing ride-pooling market, strengthening its ground transportation ecosystem and broadening its ability to serve customers across both daily mobility and leisure travel needs.