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KRChoksey Research's IPO Report
DreamFolks Services Ltd. is a dominant player and India's largest airport service aggregator platform, an incubator of the industry with its unique, asset-light, capital-efficient business model.
DreamFolks provides services to all the Card Networks operating in India, including Visa, Mastercard, Diners/Discover and RuPay; and many of India's prominent card issuers, including ICICI Bank Ltd., Axis Bank Ltd., Kotak Mahindra Bank Ltd., HDFC Bank Ltd. and SBI Cards and Payment Services Ltd.
It has a global footprint extending to 1,416 touch-points in 121 countries worldwide, out of which 244 Touch-points are present in India and 1,172 touch-points overseas, as of March 31, 2022.
The company's first mover advantage in the lounge access aggregator industry in India has enabled it to become a dominant player with a share of over 80% in the domestic lounge access market.
In addition, it has partnered with various entities to facilitate access to around 57 restaurants / food and beverage outlets at 18 airports across India.
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