MakeMyTrip Quick Ride deal: majority stake takes travel firm into daily commutes

MakeMyTrip has bought a majority stake in Quick Ride, the Bengaluru-based car and bike pooling app, marking the online travel company's first step into shared daily mobility. The deal was announced on Friday, 6 November 2026. Before the transaction, Quick Ride moved its ride-pooling business and brand into a new company, Co Ride Mobility Private Limited, and MakeMyTrip now holds a majority of that entity. Quick Ride's electric taxi business is not part of the deal and stays with the original company, iDisha Info Labs Private Limited. The price and MakeMyTrip's exact shareholding were not disclosed. Quick Ride's promoters, led by founder and chief executive KNM Rao, will continue to run the business, which will sit inside MakeMyTrip's ground transport unit alongside redBus.

MakeMyTrip has built its business on trips that people take a few times a year: flights, hotels, holiday packages, intercity buses and outstation cabs. Ride pooling is a different kind of product. People use it every working day to reach offices, IT parks and campuses. Rajesh Magow, MakeMyTrip's co-founder and group chief executive, said the move gives the company a presence in high-frequency daily commutes within cities, in addition to intercity travel. He also said the company would use its experience of growing redBus to scale Quick Ride.

For Quick Ride, the deal brings the backing of one of India's best-known online travel companies. KNM Rao said MakeMyTrip's reach could help Quick Ride grow faster. Much of Quick Ride's business comes from relationships with companies, IT parks and business campuses, where employees pool cars to share fuel costs and cut traffic. Those relationships give MakeMyTrip something its core apps lack: a base of users who open the app every day, not only when they plan a holiday.

The structure of the deal is also worth noting. By separating the ride-pooling business into a new company before the sale, Quick Ride's owners kept the electric taxi operation outside the transaction. That means MakeMyTrip is buying a commuting platform and its brand, not a fleet of vehicles, which keeps the business light on assets.

For start-up founders, the deal is a reminder that strategic buyers in India are looking for products with frequent use and corporate customers. A carpooling app that has spent more than a decade building ties with employers has found a home inside a large travel group rather than raising another venture round.

Peepals timeline: Quick Ride was founded in Bengaluru in 2015. In October 2026, reports said MakeMyTrip was in talks to buy it through redBus. Before the sale, the ride-pooling business and brand were moved into Co Ride Mobility Private Limited, with the EV taxi arm left in iDisha Info Labs. On Friday, 6 November 2026, MakeMyTrip announced it had acquired a majority stake, making Quick Ride part of its ground transport business about 11 years after the app was founded.

Short-term: Quick Ride users and corporate clients should see little change at first, since the same promoters stay in charge. MakeMyTrip gains a daily-use commuting product inside its ground transport unit.

Long-term: If MakeMyTrip links Quick Ride with redBus and its main app, commuters could see pooling offered alongside bus and cab bookings. The deal also puts MakeMyTrip in a market where ride-hailing companies and other pooling apps already compete for office commuters.

Who is affected: Quick Ride's riders and car owners who offer seats, companies and campuses that use the service for employees, MakeMyTrip and redBus, and rival mobility start-ups.

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