MakeMyTrip buys majority stake in Quick Ride, enters ride pooling
Nasdaq-listed MakeMyTrip has acquired a majority stake in Bengaluru-based Quick Ride’s ride-pooling business for an undisclosed sum, giving the online travel company a presence in daily city commutes.
Quick Ride has moved its brand and ride-pooling business into a new entity, Co Ride Mobility, and MakeMyTrip has bought a majority stake in it. Quick Ride’s promoters will continue to lead the business. Its EV taxi business stays with the predecessor entity, iDisha Info Labs.
