MakeMyTrip has expanded its ground transportation offerings by acquiring a majority stake in Quick Ride, a ride-pooling startup operating across several major Indian cities, marking its entry into the growing carpooling segment.
- MakeMyTrip acquires majority stake in Bengaluru-based Quick Ride.
- Quick Ride operates in 8 major Indian cities with enterprise mobility clients.
- Acquisition enhances MakeMyTrip's intra-city and intercity transport services.
What happened
MakeMyTrip, a leading traveltech company listed on Nasdaq, has acquired a majority stake in Quick Ride, a Bengaluru-based ride-pooling platform. The deal transfers Quick Ride’s brand and ride-pooling operations into a new entity, Co Ride Mobility Private Limited, where MakeMyTrip holds the controlling share. The founders of Quick Ride will continue managing the business, while Quick Ride’s electric vehicle taxi services remain with the original company, iDisha Info Labs.
Quick Ride, founded in 2014, connects users commuting along similar routes and serves major cities including Bengaluru, Hyderabad, Chennai, Pune, Kochi, Delhi NCR, Mumbai, and Kolkata. The platform also provides enterprise shared mobility solutions to prominent IT firms like Wipro, TCS, Infosys, IBM, and Cognizant. The startup has historically raised more than $14 million from investors like Sequoia and Prosus, with Sequoia having exited in 2021.
Why it matters
This acquisition represents MakeMyTrip’s strategic expansion beyond its core travel booking services into daily urban mobility, filling a gap in their ground transportation portfolio. By entering the ride-pooling segment, MakeMyTrip can address the increasing demand for sustainable and affordable intra-city transport options that complement longer distance travel offerings.
MakeMyTrip’s leadership views the deal as a way to integrate high-frequency daily commute options alongside existing intercity travel services, enhancing overall customer retention and diversification of revenue streams. The company leverages its prior experience with platforms like redBus to scale Quick Ride’s operations while strengthening its foothold in India’s competitive mobility landscape.
What to watch next
Attention will focus on how effectively MakeMyTrip integrates Quick Ride’s ride-pooling services with its established travel ecosystem and whether this spurs growth in user engagement across both daily and intercity segments. Monitoring customer adoption trends in Quick Ride’s eight active cities will signal the acquisition’s success and potential market expansion.
Additionally, MakeMyTrip’s broader acquisition strategy in complementary sectors—such as corporate travel and regional holiday packages—should be observed to gauge the company’s evolving role across the entire travel and mobility value chain. Given the recent decline in quarterly profits despite revenue growth, investors and industry watchers will also assess whether these initiatives improve profitability in coming quarters.