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Exclusive: MakeMyTrip in talks to acquire Quick Ride through redBus

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Exclusive: MakeMyTrip in talks to acquire Quick Ride through redBus

MakeMyTrip is in talks to acquire car and bike pooling platform Quick Ride, sources familiar with the matter told Entrackr.

“The deal is currently at the due diligence stage, with both sides examining the business and working through the details of the proposed transaction,” one of the sources said on condition of anonymity.

According to sources, the acquisition is being explored through redBus, with the transaction expected to involve a mix of cash and equity.

The potential acquisition could help MakeMyTrip expand its presence in urban mobility and strengthen its corporate commute offerings. redBus already operates rPool, a carpooling platform that connects verified working professionals travelling along similar routes and allows them to offer or find rides for daily commutes.

“Acquiring Quick Ride would help MakeMyTrip expand its presence in the carpooling segment and strengthen its commuter network,” said another source who also wished not to be named.

The timeline for the deal’s completion could not be ascertained, and the terms of the transaction may change as discussions progress.

Founded in 2015 by KNM Rao, Bengaluru based Quick Ride connects commuters travelling along similar routes for car and bike pooling. The platform also caters to corporate employees and offers daily office commute solutions.

Quick Ride has raised funding from Sequoia Capital India (now Peak XV), Naspers, now part of Prosus, and Venture Highway. 4 million) in its Series B round from these existing investors, according to an earlier report by Inc42. It had also raised an undisclosed amount in its Series A round from the same investors.


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