MakeMyTrip, the Nasdaq-listed Indian online travel company, has acquired a majority stake in Quick Ride, a Bengaluru-based platform that lets commuters travelling along similar routes share cars and two-wheelers. The deal was announced on November 6, 2026, and marks MakeMyTrip's first move into ride pooling.
MakeMyTrip did not disclose the price or the exact size of its stake. Before the deal, Quick Ride went through an internal restructuring that moved its brand and ride-pooling business into a new company, Co Ride Mobility Private Limited, in which MakeMyTrip now holds the majority. Quick Ride's earlier electric taxi business was left out of the transaction and remains with the predecessor company, iDisha Info Labs Private Limited.
Quick Ride's promoters will keep running the business, which will be placed inside MakeMyTrip's ground transport division alongside redBus and Savaari. Entrackr had reported on October 19 that MakeMyTrip was in talks to buy Quick Ride through redBus.
What Quick Ride built
Quick Ride was started in Bengaluru in 2015. Its app matches people who make similar trips, usually the daily journey between home and office, so that drivers with empty seats can take passengers and the riders split the cost. The service covers both car pooling and bike pooling.
The company describes its model as asset-light because it relies on vehicles that are already on the road rather than a fleet of its own. A large part of its growth has come through employers: Quick Ride signs partnerships with companies, IT parks and business campuses to offer pooled commutes to their staff.
For a time the company also ran an electric taxi service in Bengaluru. That operation is the part of the business that stays outside the deal with the old company.
“Ride pooling gives us a presence in high-frequency daily commutes within cities, as well as intercity travel.”
Why MakeMyTrip is buying
MakeMyTrip has spent several years building a ground transport business next to its flights and hotels. It owns redBus, the bus ticketing platform, and Savaari, which offers intercity car rentals, and it bought corporate travel and expense company Happay and group holiday operator Flamingo Transworld. It also holds a minority stake in visa processing platform Atlys.
The company said ride pooling complements those services and gives it a way into shared mobility. Rajesh Magow, MakeMyTrip's co-founder and group chief executive, said the move covers both daily trips within cities and travel between them, and that the company would apply what it learned building redBus in India and abroad to grow Quick Ride. Prakash Sangam, who heads redBus and MakeMyTrip's ground transport business, said the deal would let the group serve the same customer across more of their journeys.
Skift, the travel industry publication, framed the purchase as part of MakeMyTrip's push beyond air travel. Non-air bookings made up 63.2% of MakeMyTrip's gross bookings in the quarter ended September 30, 2026, up from 61.5% a year earlier, and its segment covering cabs, insurance, foreign exchange and activities posted adjusted margins of $24.4 million, up about 30%. Skift's argument was that a commute product gives customers a reason to open the app on ordinary working days, and that the test will be whether those commuters go on to book trips.
The founders and the funding
Quick Ride's founder and chief executive is KNM Rao, according to Entrackr and the announcement published by Travel Trade Journal. Rao said that joining the MakeMyTrip group was an important milestone for the team and for Quick Ride's users, and that the company expected to use MakeMyTrip's reach in travel to scale up. ETV Bharat named a different set of founders, Ashalatha Kuchipudi, Vishal Lavti and Shobhana Sriram, and reported, citing Tracxn, that the founders held 49.8% of the company before the deal.
Quick Ride has raised about $15.8 million over several rounds, according to ETV Bharat. Entrackr reported that its investors include Sequoia Capital India, now Peak XV Partners, Naspers, now part of Prosus, and Venture Highway, and that in 2019 it raised a Series B of Rs 100.78 crore (about $14.4 million) from existing investors.
The companies did not disclose Quick Ride's headcount, user numbers or revenue.
What happens next
Day-to-day leadership at Quick Ride will not change, and the app keeps its brand. The business will report into MakeMyTrip's ground transport division under Sangam. MakeMyTrip did not say whether Quick Ride will be built into its main app, or how corporate customers' existing commute contracts will be handled.
The deal comes as MakeMyTrip widens its range of travel services. Skift noted that the company is also reported to be considering a listing in India.
