MakeMyTrip buys majority stake in Quick Ride
In short
MakeMyTrip has taken a majority stake in Quick Ride and entered the ride-pooling business. The deal adds a platform focused on everyday commutes and intercity travel to its transportation offerings.
What the reporting says
MakeMyTrip has entered the ride-pooling segment by taking a majority stake in Quick Ride, according to a BusinessLine Economy summary. The acquisition adds a technology-led platform for everyday commutes and intercity travel to the online travel company’s transportation offerings. The move broadens MakeMyTrip’s presence beyond travel bookings into mobility services.
Why it matters
MakeMyTrip has entered the ride-pooling segment by acquiring a majority stake in Quick Ride. The platform is described as technology-led and focused on everyday commutes and intercity travel. The acquisition broadens MakeMyTrip’s transportation offerings and extends the company into mobility services.