MakeMyTrip has acquired a majority stake in Bengaluru-based shared mobility platform Quick Ride, marking its entry into India’s ride-pooling and daily commuting market. The acquisition expands the online travel company’s ground transportation business beyond intercity bus bookings, car rentals and corporate travel services.
Announced on November 6, 2026, the transaction involves the Quick Ride brand and its ride-pooling business, which have been transferred to a newly established entity called Co Ride Mobility Private Limited. MakeMyTrip has not disclosed the financial value of the deal or the exact percentage of shares acquired. Quick Ride’s existing promoters will continue to manage the business, while its earlier electric vehicle taxi operations will remain outside the transaction.
MakeMyTrip Acquires Majority Stake in Quick Ride
MakeMyTrip announced that it had acquired a controlling stake in Quick Ride’s ride-pooling business as part of its strategy to expand its presence across different travel and transportation categories.
The Bengaluru-headquartered platform connects people travelling along similar routes, allowing them to share car journeys and reduce individual commuting costs.
The acquisition gives MakeMyTrip access to an established shared mobility platform with an enterprise-focused business model. Quick Ride has partnerships with corporates, IT parks and business campuses, helping employees find other commuters travelling along similar routes.
The transaction was structured through an internal restructuring of Quick Ride’s business.
Its ride-pooling operations and brand have been transferred to Co Ride Mobility Private Limited, in which MakeMyTrip has acquired a majority stake.
The financial details remain undisclosed.
| Transaction detail | Information |
|---|---|
| Acquirer | MakeMyTrip |
| Target business | Quick Ride ride-pooling operations |
| New operating entity | Co Ride Mobility Private Limited |
| Stake acquired | Majority stake |
| Transaction value | Not disclosed |
| Quick Ride promoters | Continue to lead the business |
| EV taxi business | Remains with iDisha Info Labs Private Limited |
| Announcement date | November 6, 2026 |
The separation of the EV taxi business is an important part of the transaction. MakeMyTrip is acquiring the ride-pooling business rather than the entire previous corporate structure of Quick Ride.
What Is Quick Ride and How Does Its Business Work?
Founded in 2015 by KNM Rao, Quick Ride operates a technology-led platform designed to connect commuters travelling along similar routes.
Instead of relying entirely on conventional taxi bookings, the platform enables individuals to share journeys with other people travelling in the same direction.
For example, employees travelling from the same residential neighbourhood to an IT park can connect through the platform and share a car journey.
This model can help commuters distribute fuel and travel expenses while reducing the number of individual vehicles required for daily transportation.
Quick Ride has developed an enterprise-led distribution strategy, partnering with companies, business campuses and technology parks to reach working professionals.
Its services include:
- Car pooling: Connecting drivers and passengers travelling along similar routes.
- Bike pooling: Helping commuters share two-wheeler journeys.
- Corporate commuting: Supporting employee transportation through partnerships with businesses.
- Daily mobility: Connecting people travelling regularly between residential areas and workplaces.
The platform’s asset-light model is particularly relevant because it connects existing vehicle owners and commuters rather than depending entirely on a company-owned fleet.
This gives MakeMyTrip an opportunity to enter daily urban transportation without having to build a conventional taxi fleet from scratch.
Why MakeMyTrip Is Entering the Ride-Pooling Market
The acquisition is part of MakeMyTrip’s broader strategy to expand beyond traditional travel bookings.
The company has historically focused on flights, hotels, holiday packages and other travel-related services. However, it has increasingly expanded its ground transportation portfolio through acquisitions and strategic investments.
Quick Ride adds a different category to this business: frequent daily commuting.
Unlike holiday bookings or intercity travel, office commuting happens regularly. A user may need transportation several times a week, creating more frequent opportunities for engagement with the platform.
MakeMyTrip believes ride pooling can complement its existing services by connecting the same customer across different travel requirements.
A customer could use Quick Ride for a daily office commute, redBus for an intercity bus journey and Savaari for a car rental or outstation trip.
The strategy could help the company build a wider transportation ecosystem around its existing customer base.
Quick Ride Will Become Part of MakeMyTrip’s Ground Transport Business
MakeMyTrip plans to house Quick Ride under its existing ground transportation business, which includes redBus.
The company intends to use its experience in building and expanding redBus to develop the shared mobility platform.
Rajesh Magow, co-founder and group CEO of MakeMyTrip, said the acquisition gives the company access to high-frequency daily commuting opportunities within cities as well as intercity travel.
Prakash Sangam, CEO of redBus and head of ground transport at MakeMyTrip, described the transaction as a strategic addition that expands the group’s transportation offerings.
The management sees an opportunity to serve customers across more stages of their journeys, from everyday office travel to weekend trips.
Quick Ride founder and CEO KNM Rao will continue leading the business alongside the existing promoters.
This arrangement could help preserve the platform’s operating experience while providing access to MakeMyTrip’s technology, customer reach and distribution capabilities.
MakeMyTrip’s Acquisition Strategy Expands Across Travel Services
The Quick Ride acquisition follows a series of investments and acquisitions through which MakeMyTrip has expanded its presence in different segments of the travel industry.
Some of its notable transactions include:
| Company | Business segment | Strategic relevance |
|---|---|---|
| redBus | Bus ticketing | Intercity ground transportation |
| Savaari | Car rentals | Outstation and local car travel |
| Happay | Corporate travel and expense management | Business travel services |
| Flamingo Transworld | Group holiday packages | Organised travel experiences |
| Atlys | Visa processing | Travel documentation |
| Quick Ride | Ride pooling | Daily shared mobility |
These businesses address different parts of the travel journey.
Quick Ride is particularly significant because it introduces MakeMyTrip to a high-frequency urban mobility category rather than another traditional travel-booking segment.
The acquisition also creates potential opportunities to connect corporate travel customers with employee commuting services.
India’s Ride-Pooling Market Offers Growth Opportunities
India’s urban transportation market faces challenges such as traffic congestion, rising commuting costs and increasing demand for convenient mobility options.
Ride pooling offers an alternative by allowing multiple commuters travelling along similar routes to share a vehicle.
For employees working in large office campuses and technology parks, the model can potentially reduce individual transportation expenses.
It may also help companies explore more flexible employee commuting arrangements.
However, expanding ride pooling across Indian cities presents several challenges.
Unlike conventional taxi services, pooling depends on matching people travelling along sufficiently similar routes and schedules. The platform must attract enough drivers and passengers in the same locations to make the service convenient.
Commuters may also be concerned about waiting times, route deviations, safety and reliability.
Regulatory requirements for shared mobility and carpooling can differ across states and cities, adding another layer of complexity.
MakeMyTrip will therefore need to demonstrate that its distribution capabilities and technology can help Quick Ride expand beyond its existing user and corporate networks.
What the Acquisition Means for MakeMyTrip’s Competition
The acquisition brings MakeMyTrip into a segment where established mobility companies already operate.
Platforms such as Uber, Ola and Rapido have developed substantial urban transportation networks through ride-hailing, bike taxis and other mobility services.
Quick Ride’s model is different because it focuses on connecting people who are already travelling along similar routes rather than primarily arranging individual commercial rides.
Its corporate relationships and commuter-focused network could provide a distinct route to customer acquisition.
MakeMyTrip’s challenge will be to scale this model while maintaining a reliable supply of drivers and passengers.
The company will also need to determine how closely Quick Ride’s services can be integrated with its existing applications and ground transportation operations.
The transaction’s financial impact cannot yet be assessed because MakeMyTrip has not disclosed the purchase price, acquired percentage or detailed operating targets.
The Bigger Picture
MakeMyTrip’s acquisition of Quick Ride reflects a broader strategy to build an integrated transportation and travel ecosystem. By adding daily ride pooling to redBus, Savaari and its other businesses, the company is expanding its reach into journeys that happen more frequently than conventional holiday or intercity bookings.
The acquisition also gives Quick Ride access to a larger distribution network and the resources of an established travel platform. However, the commercial success of the transaction will depend on commuter adoption, route density, corporate partnerships and the ability to scale the business profitably.
Looking Ahead
Quick Ride will now operate under Co Ride Mobility Private Limited as part of MakeMyTrip’s ground transportation portfolio, with its existing promoters continuing to lead the business. Investors will watch for further details about the integration strategy, transaction value and the company’s plans to expand the platform across Indian cities.
Over the longer term, the key test will be whether MakeMyTrip can turn ride pooling into a scalable and profitable business. Its experience with redBus and other transportation services could support the expansion, but daily shared mobility has different operational requirements from traditional travel bookings.
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