MakeMyTrip buys Quick Ride, adding daily ride-pooling to its travel empire
MakeMyTrip has bought a majority stake in Quick Ride, a Bengaluru ride-pooling startup, and shifted its ride-sharing operations into a new entity called Co Ride Mobility. The move adds daily commutes to MakeMyTrip’s ground-transportation lineup while preserving Quick Ride’s contracts with major IT firms like Wipro and TCS.
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30 SEC SUMMARY
- MakeMyTrip, listed on Nasdaq, has bought a majority stake in Bengaluru-based ride-pooling platform Quick Ride for an undisclosed sum.
- The deal shifts Quick Ride’s ride-pooling business into a new entity, Co Ride Mobility, while its EV taxi unit stays with the original company.
- Quick Ride’s founders will keep running the business, and its contracts with IT giants like Wipro and TCS remain intact.
- MakeMyTrip sees this as a way to add daily commutes to its intercity travel services, using the model it applied to redBus.
- The move comes as MakeMyTrip’s Q1 FY27 net profit dropped 65% year-over-year, even as revenue grew 6%.
TABLE OF CONTENTS
- MakeMyTrip enters ride-pooling with Quick Ride acquisition
- Quick Ride’s ride-pooling business moves to new entity Co Ride Mobility
- Quick Ride’s reach and corporate client base
- MakeMyTrip’s strategy: daily rides and cross-selling
- Profit drops but revenue rises as MakeMyTrip bets on ride-pooling
- Deal follows earlier acquisition talks
- What this means
- Key takeaways
- Sources
MakeMyTrip enters ride-pooling with Quick Ride acquisition
MakeMyTrip, the Nasdaq-listed travel-tech firm, has bought a majority stake in Quick Ride, a Bengaluru-based ride-pooling platform, for an undisclosed sum. The acquisition marks its first move into shared daily commutes, extending its ground-transportation services beyond intercity buses and car rentals.
Quick Ride’s ride-pooling business moves to new entity Co Ride Mobility
Under the deal, Quick Ride’s ride-pooling business and brand have moved to a new entity called Co Ride Mobility Private Limited. MakeMyTrip now holds most of this new company. Quick Ride’s EV taxi unit stays with its original entity, iDisha Info Labs Pvt Ltd, and is not part of the sale.
Quick Ride founder KNM Rao and his team will keep running the business under the new structure.
Quick Ride’s reach and corporate client base
Quick Ride launched in 2014 and now operates in eight cities—Bengaluru, Hyderabad, Chennai, Pune, Kochi, Delhi NCR, Mumbai, and Kolkata. It runs two lines: a consumer app for shared rides and an enterprise platform for corporate commutes. Clients include Wipro, TCS, Infosys, IBM, and Cognizant, which use it to manage employee transport.
Investors like Sequoia, Prosus, and Venture Highway have put more than $14 million into the startup, though Sequoia sold its stake in 2021.
MakeMyTrip’s strategy: daily rides and cross-selling
MakeMyTrip Group CEO Rajesh Magow said the deal will add high-frequency, intra-city rides to its existing intercity services. He cited the success of redBus, which MakeMyTrip scaled in India and abroad, as a blueprint for growing Quick Ride.
The acquisition follows earlier buys in car rental (Savaari), corporate travel (Happay), and holiday packages (Flamingo Transworld), plus a minority investment in visa-processing platform Atlys. These moves show MakeMyTrip is expanding beyond flight and hotel bookings into daily mobility and services.
Profit drops but revenue rises as MakeMyTrip bets on ride-pooling
The deal closes as MakeMyTrip’s financials send mixed signals. Its Q1 FY27 net profit plunged 65% year-over-year to $9.1 million, even as revenue climbed 6% to $285.6 million. The company is betting that adding daily commutes will boost user engagement andcreate new cross-selling opportunities across its platform.
Deal follows earlier acquisition talks
In October, Lazyfounder reported that MakeMyTrip was in talks to buy Quick Ride through its redBus subsidiary. The deal is now done, and the new entity, Co Ride Mobility, confirms the direction those talks pointed toward.
What this means
Lazyfounder analysis — our interpretation, not reported fact.
MakeMyTrip’s purchase of Quick Ride shows incumbents are buying, not building, to fill gaps in their portfolios. The deal also proves corporate commutes—locked in by contracts with Wipro, TCS, Infosys, IBM and Cognizant—can be a steady revenue stream that outweighs consumer ride-pooling risks.
Key takeaways
- MakeMyTrip now covers both intercity buses and daily office commutes, closing a key gap in its ground-transportation lineup.
- Quick Ride’s enterprise contracts with five of India’s largest IT firms give MakeMyTrip an immediate, recurring revenue stream.
- The creation of Co Ride Mobility signals that acquirers may spin off only the pieces they want, leaving the rest behind.
Related on Lazyfounder
Sources
- Inc42 · 2026-11-06
MakeMyTrip Acquires Majority Stake In Quick Ride - YourStory · 2026-11-06
MakeMyTrip enters shared mobility space with majority stake in Quick Ride
This story is an original summary drafted with AI by Lazyfounder from the reporting listed above and checked by automated validation. Facts are attributed to their original publishers; sections marked as analysis are Lazyfounder's. Where a source is in another language, facts were machine-translated and quotations are reported, not reproduced. Read the original coverage via the links, and see our AI policy and corrections policy.
About the author
Editor, Lazyfounder
Tarun Mottlia edits LazyFounders, covering Indian startups, funding rounds, AI and product launches. Every story on the site is AI-assisted and checked against its cited sources before publication.
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