MakeMyTrip buys majority stake in Quick Ride
In short
MakeMyTrip has taken a majority stake in Quick Ride and bought the brand and its ride pooling business. This moves the company into shared mobility.
The deal could help MakeMyTrip offer more travel-linked services.
What the reporting says
MakeMyTrip has entered shared mobility by acquiring the Quick Ride brand and its ride pooling business through a majority stake in the entity. The move links a major online travel company with a ride-pooling business and broadens its services beyond booking travel.
Why it matters
MakeMyTrip’s majority-stake acquisition of Quick Ride’s brand and ride pooling business moves the travel company into shared mobility. The step broadens MakeMyTrip’s business beyond travel booking and connects it to ride pooling services, which may matter for users looking for linked transport options.