MakeMyTrip Buys Majority Stake in Quick Ride to Enter Carpooling

What Quick Ride brings

Founded in 2014 by KNM Rao, Quick Ride runs an app that matches passengers with riders heading in the same direction. It also sells a shared-mobility product to enterprises, with clients including Wipro, TCS, Infosys, IBM and Cognizant. The service operates in Bengaluru, Hyderabad, Chennai, Pune, Kochi, Delhi NCR, Mumbai and Kolkata. The startup has raised more than $14 million from investors such as Sequoia, Prosus and Venture Highway; Sequoia exited in 2021.

MakeMyTrip group CEO Rajesh Magow said ride pooling gives the company a presence in high-frequency daily commutes within cities as well as in intercity travel. MakeMyTrip plans to apply its experience of scaling redBus in India and overseas to grow Quick Ride.

Part of a wider push

The purchase follows earlier deals including Savaari in car rentals, Happay in corporate travel and expense management, and Flamingo Transworld in regional group holidays. The company also holds a minority investment in visa platform Atlys. Together they point to a strategy of moving beyond core bookings into adjacent mobility and ancillary services.

The move comes as profitability weakens. For the quarter ended June 30, 2026 (Q1 FY27), consolidated net profit fell 65% to $9.1 million from $25.8 million a year earlier, while revenue rose 6% year on year to $285.6 million.